Thyssenkrupp has announced an extensive restructuring plan for German factories producing springs and stabilisers at a price of about 500 positions.
Generation of stabilisers at Olpe will stop by the end of 2021.
The Hagen web-site will be “realigned” and transformed to a “centre of excellence” for the growth and manufacture of springs and stabilisers.
Around 490 positions will be “impacted” at the two web pages, about 330 of people at Olpe.
“In the coming weeks agreements are to be achieved with the staff representatives on a reconciliation of pursuits and a social plan for the two web pages,” Thyssenkrupp reported.
Automotive know-how division CEO Karsten Kroos included: “The restructuring of the two web pages is an unavoidable and appropriate stage to return the organization to revenue.
“The two plants were no for a longer period aggressive in the latest set up.
“Value ranges in the respective merchandise segments are far too minimal and overcapacities on the current market far too high.
“That is why we have made the decision to combine the remaining production and growth pursuits at one web-site and even further streamline the organisation.”
Current orders will be done by the end of 2021 before production finishes.
Employees will be discovered get the job done somewhere else within just the group or assisted to uncover posts somewhere else.
All long term growth and production of springs and stabilisers in Germany will be concentrated in Hagen.
This will contain prototyping, modest batch stabiliser production and spare pieces as well as production of springs for hefty cars and electrical autos.
There will be a greater diploma of automation ensuing in the loss of close to 160 positions by early 2022.
A “socially accountable restructuring system will be identified in the future negotiations with the is effective council and trade unions”, the provider reported.
Thyssenkrupp’s springs and stabilisers organization at the moment operates nine production web pages in Germany, Hungary, Brazil, Mexico and China and employs close to three,four hundred individuals worldwide.