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KSM Castings to cut 400 jobs in Germany | Automotive Industry News

KSM Castings Team is slicing 400 jobs in Germany in the coming months. In addition,...

KSM Castings Team is slicing 400 jobs in Germany in the coming months.

In addition, a new restructuring collective agreement is to be negotiated with the IG Metall union for remaining personnel.

Nevertheless, all German web-sites are to be retained. KSM Castings Team had used for a protective shielding method at the Hildesheim district courtroom on two July, 2020.

“While we are now recording a very excellent purchase ingestion, we know this is mostly due to catch-up outcomes from the preceding corona lockdown,” claimed KSM Castings CEO, Zhihua Zhu.

“The existing profits figures of the car or truck market and the outlook of the market scientists are distinct. We will therefore not be able to steer clear of changing our personnel capacities and price tag framework, including the remaining personnel costs.

“This is the only way we can grow to be aggressive yet again, keep our German spots, safe jobs and give our personnel a extended-expression point of view”.

KSM Castings is not organizing to close any web-sites as part of its restructuring. All four KSM web-sites in Germany in Hildesheim, Wernigerode, Wuppertal and Radevormwald are affected by the work cuts.

At the greatest manufacturing web-site and headquarters in Hildesheim, about 270 of the existing 900 jobs are to be slice, including not only in manufacturing but also in administration.

For the manufacturing web-site, Bergisches Land (Wuppertal and Radevormwald), a reduction of about 90 jobs (now somewhere around 430 personnel) is planned and for the Wernigerode web-site, about 30 jobs (now somewhere around 400 personnel).

The planned work cuts are part of the restructuring principle and reorganisation plan, which KSM Castings Group will post to the Hildesheim district courtroom by the stop of September as part of the protective shield proceedings. In accordance to existing organizing, the work cuts in specific spots are to be unfold across several months.

To this stop, KSM will negotiate a reconciliation of interests and a social plan with the general works council in the upcoming couple of months. In addition, KSM intends to negotiate a new collective restructuring agreement with IG Metall for the remaining personnel.

KSM Castings Group employs about two,350 people today at five manufacturing web-sites in Germany and the Czech Republic.