Putzmeister

Type
Offshoring/Delocalisation
Country
Germany
Region
Location of affected unit(s)
Gründau (Hesse), Heimertingen (Bavaria)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
New offshoring locations
Slovenia, Turkey
280 jobs
Number of planned job losses
Job loss
Announcement Date
1 March 2024
Employment effect (start)
1 March 2024
Foreseen end date
31 December 2024

Description

As announced on 1 March 2024, the German construction machinery manufacturer Putzmeister plans to close two of its plants in Germany, one in Gründau (Hesse) and one in Heimertingen (Bavaria), by the end of 2024. A total of 280 employees will be affected.

The company intends to relocate operations to its sites in Turkey and Slovenia. The reasons cited include structural changes in the market and customer behaviour, as well as energy and production costs.

Putzmeister employs 3,300 people worldwide, around 1,100 of whom are based in Germany. It has been part of the Chinese company Sany since 2012.

Sources

Citation

Eurofound (2024), Putzmeister, Offshoring/Delocalisation in Germany, factsheet number 203390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203390.