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. 28.95 - Manufacture of machinery for paper and paperboard production
2,000 jobs Number of planned job losses
Announcement Date
17 January 2012
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2013
Description
Heidelberg will reduce its headcount with 2,000 employees. Around 1,200 of the jobs will be cut in Germany, notably in production, development, administration, sales, and marketing. 800 jobs will be lost elsewhere in the group's global operations. Heidelberg did not detail in which of its plants the jobs will be lost.
The job reduction scheme is part of the new ‘Focus 2112' efficiency program of Heidelberg. The plan will reduce capacity and includes cost cutting measures. In previous years, Heidelberg has already cut thousands of jobs following the shrinking market for newspaper and magazine publishing.
Sources
17 January 2012: Financial Times
Citation
Eurofound (2012), Heidelberg Druckmaschinen, Internal restructuring in World, factsheet number 72976, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72976.
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