Koenig & Bauer (KBA)

Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Germany, Austria, Czechia
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
1,100 - 1,500 jobs
Number of planned job losses
Job loss
Announcement Date
16 December 2013
Employment effect (start)
1 January 2014
Foreseen end date

Description

On 18 December 2013, the German producer of printing presses Koenig & Bauer (KBA) announced plans to cut up to 1,500 jobs as part of a cost-cutting plan.

As reported, the restructuring plan envisages job cuts in Würzburg, Radebeul, Frankenthal (Germany), Moedling (Austria) and Dobruška (Czech Republic).

The company, which has headquarters in Würzburg (Germany) currently employs around 6,100 staff.

Sources

  • 16 December 2013: Koenig & Bauer (Press release)
  • 17 December 2013: Packaging Europe
  • 16 December 2013: Wall Street Journal

Citation

Eurofound (2013), Koenig & Bauer (KBA), Internal restructuring in European Union, factsheet number 76343, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76343.