Voestalpine Reorganizes Automotive Component Business In Germany
Oct 18 (Reuters) -VOESTALPINE AG VOES.VI:
VOESTALPINE AG - REORGANIZES AUTOMOTIVE COMPONENTS BUSINESS IN GERMANY, CREATING FUTURE PROSPECTS FOR AROUND 2,000 EMPLOYEES
VOESTALPINE AG - IN FUTURE, PLANTS IN DETTINGEN, SCHMÖLLN, SCHWÄBISCH GMÜND, AND BÖHMENKIRCH WILL FORM A JOINT PRODUCTION NETWORK
VOESTALPINE AG - OPERATIONS IN BIRKENFELD WILL BE DISCONTINUED SUBJECT TO OUTCOME OF NEGOTIATIONS WITH WORKS COUNCIL AND IG METALL
VOESTALPINE AG - EXPECTED FINANCIAL IMPACT OF REORGANIZATION HAS ALREADY BEEN COMMUNICATED AND IS INCLUDED IN OUR EARNINGS FORECAST FOR ONGOING BY 2024/25 (EUR 1.4 BILLION EBITDA)
VOESTALPINE AG - REORGANIZATION AND CONSOLIDATION OF COMPETENCIES ALSO INVOLVES A RESTRUCTURING OF CORPORATE FUNCTIONS
VOESTALPINE AG - AROUND 220 EMPLOYEES WILL BE IMPACTED BY PLANNED CLOSURE OF BIRKENFELD LOCATION
VOESTALPINE AG - AROUND A THIRD OF CURRENT WORKFORCE OF 650 EMPLOYEES COULD BE AFFECTED BY THIS PERSONNEL ADJUSTMENT AT DETTINGEN LOCATION
Further company coverage: VOES.VI
(Gdansk Newsroom)
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