KSB

Type
Business expansion
Country
Germany
Region
Rheinland-Pfalz; Rheinhessen-Pfalz; Frankenthal (Pfalz), Kreisfreie Stadt
Location of affected unit(s)
Frankenthal
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.
130 jobs
Number of planned job creations
Job creation
Announcement Date
20 February 2007
Employment effect (start)
1 February 2007
Foreseen end date
31 December 2007

Description

KSB, the German producer of pumps, valves and related systems is going to create 130 new jobs in 2007, according to a company press release. In 2006, the company cut 160 jobs in response to decreasing number of orders. Direct dismissals were avoided as most jobs were cut by not substituting voluntary job leavers.

Facing a substantial growth in activity, KSB now sees the need to increase its current German workforce of 4,300 employees again. The new jobs will be located at Frankenthal, the company's headquarter and main factory. No information is given on whether the new jobs will be permanent or temporary .

Sources

  • 20 February 2007: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2007), KSB, Business expansion in Germany, factsheet number 64992, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64992.