Company/Organisation:
Heidelberg Druckmaschinen
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of machinery and equipment n.e.c.
28.95 - Manufacture of machinery for paper and paperboard production
Number Employed:
15666
Employment Effects
Announcement Date:
17-01-2012
Planned Job Reductions min:
2000
Planned Job Reductions max:
2000
Type of Restructuring:
Internal restructuring
Employment Effect Start:
01-01-2012
Foreseen End Date:
31-12-2013
Direct Dismissals:
2000
Additional Information
Heidelberg will reduce its headcount with 2,000 employees. Around 1,200 of the jobs will be cut in Germany, notably in production, development, administration, sales, and marketing. 800 jobs will be lost elsewhere in the group's global operations. Heidelberg did not detail in which of its plants the jobs will be lost.
The job reduction scheme is part of the new ‘Focus 2112' efficiency program of Heidelberg. The plan will reduce capacity and includes cost cutting measures. In previous years, Heidelberg has already cut thousands of jobs following the shrinking market for newspaper and magazine publishing.
Sources:
17-01-2012Financial Times
Sources Links:
http://www.heidelberg.com/www/html/en/content/articles/press_lounge/company/general/2012/120117_pressrelease
http://www.ft.com/intl/cms/s/0/244a15ca-4115-11e1-b521-00144feab49a.html#axzz1jjeQ57Yu