The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
130 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64992.
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