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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