EMCC European Monitoring Centre on Change

Heideldruck

Company/Organisation:
Heideldruck

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 20000

Employment Effects

Announcement Date: 22-05-2009
Planned Job Reductions min: 3000
Planned Job Reductions max: 3000
Type of Restructuring: Internal restructuring

Additional Information

Heideldruck, the leading German manufacturer of printing machines, is the first Germany company to receive public guarantees from the steering council of the German 'Economy Fund', the fund for large company cases set up as part of the national economic stimulus packages. Management and works council have started to work on a restructuring plan that currently includes the cutting of 5000 jobs. Out of these 3000 jobs shall be shed in Germany  In production about a 20 per cent of all jobs in production shall be cut; about a quarter or one third of all administrative jobs are planned to be axed. Currently, the company employs a total of 20000 persons. There is no precise timeline yet.