Wepa Industrieholding to cut its workforce in Germany by 10% as part of corporate-wide restructuring that will reduce capacity, be completed by year-end 2013; has put parts of Wepa Lucca in Italy up for sale, will relocate some converting lines
Kendall Sinclair
LOS ANGELES
,
October 8, 2012
(Industry Intelligence Inc.)
–
Wepa Industrieholding SE will eliminate 150 positions at five of its facilities in Germany in an effort to bring its operations into sync with market conditions, effectively reducing production capacity, reported EUWID-Paper on Oct. 8.
The Germany-based tissue and tissue products manufacturer employs 1,500 people at those locations, and plans to make the employment changes without going through the usual redundancy process, Wepa stated.
The workforce reduction is part of a company-wide restructuring that Wepa expects to complete by the end of 2013. The company cited higher costs for raw materials, energy and logistics as underlying its planned overhaul.
As part of its reorganization plan, Wepa also has put up for sale its Italian unit Wepa Lucca and will relocate some converting lines from Italy to other sites in Europe, EUWID-Paper reported.
The primary source of this article is EUWID-Paper, Gernsbach, Germany, on Oct. 8, 2012.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
