EMCC European Monitoring Centre on Change

WMF

Company/Organisation:
WMF

Geographic Location

Country: Germany
Region: Göppingen; Stuttgart; Baden-Württemberg
Location of affected unit(s): Geislingen

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.29 - Manufacture of other general-purpose machinery n.e.c.
Number Employed: 6200
Group: Groupe SEB

Employment Effects

Announcement Date: 11-07-2019
Planned Job Reductions min: 150
Planned Job Reductions max: 150
Type of Restructuring: Internal restructuring
Employment Effect Start: 11-07-2019
Foreseen End Date: 31-12-2020
Other Job Reduction Measures: 150

Additional Information

The German manufacturer of appliances will cease the production of stainless-steel pots in Geislingen, which will result in the loss of 150 employees by the end of 2020. The job reduction is part of a larger restructuring programme, with the purpose to save €60 million in the next two and a half years and will result in the loss of about 400 jobs worldwide. According to management, the production of stainless-steel pots will be relocated to other production sites in Europe. Further information on the job reduction has yet to be published.

Currently, WMF has 6,200 employees worldwide.

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