KSB

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
250 jobs
Number of planned job losses
Job loss
Announcement Date
27 March 2014
Employment effect (start)
27 March 2014
Foreseen end date
31 December 2014

Description

German producer of pumps and valves KSB announced to cut 250 jobs in Germany by the end of the year. As reported, the cost saving measure is going to be implemented by early retirements and non renewal of ending contracts. For a previous restructuring event see KSB-2007.

Sources

  • 27 March 2014: KSB (Press release)
  • 28 March 2014: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2014), KSB, Internal restructuring in Germany, factsheet number 76874, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76874.