Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Mönchengladbach
Sector
Manufacturing
Manufacture, Printing And Reproduction Of Recorded Media
Printing And Reproduction Of Recorded Media
18 - Printing and reproduction of recorded media

250 - 270 jobs
Number of planned job losses
Job loss
Announcement Date
10 July 2008
Employment effect (start)
Foreseen end date
31 December 2011

Description

On 10 July 2008, Heidelberger Druckmaschinen, a manufacturer of printing presses and printing materials, announced its new package of cost-cutting measures. The company intends to save 100 million euros within the next three years. Therefore, 500 jobs are to be cut wordlwide by 2011. More than half of the jobs will be lost at the companies sites in Germany. Parts of its postpress packaging at its site in Mönchengladbach will be offshored to Slovakia. Currently, 240 workers are employed in Mönchengladbach. Job cuts are still to be negotiated with employee representatives. The company is covered by a so-called agreement on safeguarding the future which runs till 2012. At the end of March 2008, the company employed 19,596 employees worldwide.


Sources

  • 11 July 2008: Handelsblatt

Citation

Eurofound (2008), Heidelberger Druckmaschinen, Internal restructuring in Germany, factsheet number 66840, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66840.