WMF

Type
Offshoring/Delocalisation
Country
Germany
Region
Baden-Württemberg; Tübingen; Zollernalbkreis
Location of affected unit(s)
Geislingen
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.2 - Manufacture of other general-purpose machinery
28.29 - Manufacture of other general-purpose machinery n.e.c.
New offshoring locations
European Union
150 jobs
Number of planned job losses
Job loss
Announcement Date
11 July 2019
Employment effect (start)
11 July 2019
Foreseen end date
31 December 2020

Description

The German manufacturer of appliances will cease the production of stainless-steel pots in Geislingen, which will result in the loss of 150 employees by the end of 2020. The job reduction is part of a larger restructuring programme, with the purpose to save €60 million in the next two and a half years and will result in the loss of about 400 jobs worldwide. According to management, the production of stainless-steel pots will be relocated to other production sites in Europe. Further information on the job reduction has yet to be published.

Currently, WMF has 6,200 employees worldwide.

Sources

Citation

Eurofound (2019), WMF, Offshoring/Delocalisation in Germany, factsheet number 98165, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98165.