Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25 - Manufacture of fabricated metal products, except machinery and equipment

300 jobs
Number of planned job losses
Job loss
Announcement Date
7 May 2003
Employment effect (start)
1 May 2003
Foreseen end date
1 December 2003

Description

A restrictive personnel policy became necessary at Krones due to the challenges anticipated over next few years and due to the introduction of measures for improving processes and increasing productivity.

Krones expects that the workforce worldwide will fall by approximately 300 units by the end of 2003.


Sources

  • 7 May 2003: Krones - Press release
  • 8 May 2003: Financial Times Deutschland

Citation

Eurofound (2003), Krones, Internal restructuring in World, factsheet number 59883, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59883.