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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.10 - Warehousing and storage
210 - 220 jobs Number of planned job losses
Announcement Date
25 November 2016
Employment effect (start)
1 January 2017
Foreseen end date
Description
On 25 November 2016, business group Freudenberg announced to cut up to 220 jobs at Weinheim starting in 2017. The company wants to restructure three parts of its business units to strengthen their competitiveness and profitability.
Up to 110 out of 180 jobs will be cut at Freudenberg Performance Materials Logistics due to a review revealing that the warehouse services are not profitable.
Between 50 and 60 jobs are planned to be cut at Freudenberg Filtration Technologies which produce industrial filtration elements. The company wants to relocate the production of cassette and cartridge filtration elements to Eastern Europe.
At the section of Freudenberg Performance Materials, which produces tufted carpet materials, 50 out of 260 will be cut.
The management announced to start negotiations with the works council shortly. Freudenberg currently employs 4,400 staff in Weinheim.
Sources
25 November 2016: Freudenberg press release
25 November 2016: Weinheimer Nachrichten
Citation
Eurofound (2016), Freudenberg, Internal restructuring in Germany, factsheet number 89295, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89295.
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