Gerresheimer may cut managerial roles

Charlotte Eyre
EUROPEAN PLASTICS NEWS

Published: October 7, 2013 1:37 pm ET
Updated: October 7, 2013 1:39 pm ET

Related to this story

Topics Medical, Injection Molding

Medical packaging specialist Gerresheimer AG will consider cutting 20-30 managerial roles worldwide as part of reorganization plans. One board member, Stefan Grote, has already left the company.

Spokesman Jens Kürten said the company is aiming for "leaner management", with some functions merged. Grote will not be replaced, he told European Plastics News.

The Wackerdorf, Germany-based company also is reorganizing the business into three divisions; Life Science Research, Primary Packaging Glass and Plastics and Devices.

"Lifescience Research will stay the same but there will be two new divisions," said Kürten. "Primary Packaging Glass, which will provide standard glass pharmaceutical items such as ampoules and bottles, and Plastics and Devices, which will provide more customized solutions."

Kürten said the company decided to change its structure to align itself better with the market and that no factory floor jobs will be cut. There are also no plans to close plants.

"For last six years, the business was split according to materials and technology, how we produce things," he said. "We can now offer customers different solutions from the same division."

Gerresheimer will assess its portfolio to examine if it will write off a few individual assets, leading to a non-cash impairment of 5 million euros.

Moving forward, primary packaging glass growth will come from emerging markets, while systems and devices growth will be in Europe and the United States, Kürten said.


Comments

Gerresheimer may cut managerial roles

Charlotte Eyre
EUROPEAN PLASTICS NEWS

Published: October 7, 2013 1:37 pm ET
Updated: October 7, 2013 1:39 pm ET

Post Your Comments


Back to story


More stories

Image

VisiPak adds to customer mix, product offerings with Tulox acquisition

March 5, 2015 2:19 pm ET

VisiPak has acquired Tulox Plastics Corp., a maker of clear plastic packaging.    More

Image

ResTech companies renamed Plastics Molding Manufacturing

March 5, 2015 3:54 pm ET

Plastics Molding Manufacturing Inc. is the new name for the ResTech Plastic Molding LLC family of companies.    More

Image

Auto supplier Motus adds more production as it buys Leon Interiors

March 5, 2015 10:52 am ET

Motus Integrated Technologies, a Tier 1 automotive interiors supplier, is getting bigger, adding the assets of Tier 2 supplier Leon Interiors Inc.    More

Image

PET makes it possible to have your beer and be sustainable too

March 5, 2015 10:45 am ET

PET could replace stainless steel beer kegs in a material swap product developers say will be more environmentally friendly and cost effective for...    More

Image

Mold maker Moldworx building in Arizona to bring in more molding

March 5, 2015 10:13 am ET

Moldworx LLC has begun leasing more space in Gilbert, Ariz., to allow it to grow its injection molding business.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events