Voith

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Krefeld (North Rhine-Westphalia), Ravensburg (Baden-Württemberg), Neuwied (Rhineland-Palatinate)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.9 - Manufacture of other special-purpose machinery
28.95 - Manufacture of machinery for paper and paperboard production
270 jobs
Number of planned job losses
Job loss
Announcement Date
13 September 2013
Employment effect (start)
13 September 2013
Foreseen end date
30 September 2014

Description

German industrial machinery supplier for the paper industry Voith Paper is to cut 270 jobs until September 2014. These cuts will be made in addition to the job reductions announced in mid-2012 (updated in August 2013).

The job reduction measures are due to the decreasing demand in Europe and China.

In total, Voith plans to cut 270 jobs in Germany, including 210 in Krefeld (North Rhine-Westphalia), 50 in Ravensburg (Baden-Württemberg), 10 in Neuwied (Rhineland-Palatinate).

Forced redundancies have not been ruled out.

The restructuring plan also includes job reduction measures in Austria.

Sources

  • 14 September 2013: Frankfurter Allgemeine Zeitung
  • 13 September 2013: Voith (Press release)

Citation

Eurofound (2013), Voith, Internal restructuring in Germany, factsheet number 75881, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75881.