EMCC European Monitoring Centre on Change

ZF Wind Power

Company/Organisation:
ZF Wind Power

Geographic Location

Country: Belgium
Region: Arr. Antwerpen; Prov. Antwerpen; Vlaams Gewest
Location of affected unit(s): Lommel, Kontich

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
Number Employed: 900

Employment Effects

Announcement Date: 27-02-2013
Planned Job Reductions min: 135
Planned Job Reductions max: 135
Type of Restructuring: Internal restructuring
Employment Effect Start: 31-03-2013
Foreseen End Date: 31-03-2014

Additional Information

The company ZF Wind Power, manufacturer of parts for wind mills, announced its intention to reduce its workforce by 15 percent, which will imply 135 job cuts.

According to the management, the restructuring has become necessary as there is an overcapacity in the market and a threat to its general competitiveness.