K + S

Type
Internal restructuring
Country
Germany
Region
Hessen; Kassel; Hersfeld-Rotenburg
Location of affected unit(s)
Heringen (Werra)
Sector
Manufacturing
(20 - 21) Manufacture of chemicals and pharmaceuticals
20.1 - Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms
20.15 - Manufacture of fertilisers and nitrogen compounds
100 jobs
Number of planned job losses
Job loss
Announcement Date
22 January 2020
Employment effect (start)
22 January 2020
Foreseen end date
31 December 2021

Description

German fertiliser and salt producer K+S will be cutting 100 jobs at its plant in Herringen (Werra) by the end of 2021 due to internal restructuring. The job reduction is part of a larger restructuring programme called ‘Shaping 2030’ to make the company more efficient and profitable. The goal is to optimise processes. According to management, K+S will try to avoid compulsory redundancies and achieve the job reduction by natural fluctation. 

Currently, K+S has 4,400 employees at its plant in Herringen (Werra).

Sources

Citation

Eurofound (2020), K + S , Internal restructuring in Germany, factsheet number 100340, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100340.