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

Cambro investing $30.4 million in new N.C. injection molding plant

April 18, 2014 2:36 pm ET

Foodservice products manufacturer Cambro Manufacturing Co. Inc. plans to set up a satellite production and distribution operation in Mebane, N.C., to ...    More

Image

Increased orders prompt Georg Utz to add capacity, equipment in Indiana

April 18, 2014 12:20 pm ET

Plastic totes and tray orders have picked up to the point where manufacturer Georg Utz Inc. has added machines, silos and material feed systems to...    More

MGS buying N.Y. medical molding plant from Hospira

April 17, 2014 10:19 pm ET

MGS Manufacturing Group is purchasing the Buffalo, N.Y., injection molding facility and related product line of Hospira Inc., effective July 1. Terms ...    More

Image

German auto supplier Dr. Schneider opens second US plant

April 17, 2014 12:57 pm ET

Dr. Schneider Kunststoffwerke GmbH, a German supplier of plastic interior auto parts, has opened a $29 million manufacturing plant in Russell Springs,...    More

Image

Adding flavor to capture sales

April 16, 2014 4:03 pm ET

Water bottles increasingly are designed and molded with filters and infusers to hold fruit, vegetables or herbs to give water a different taste.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Automotive Market Review and Outlook 2014 The Americas

This 75-page report features in-depth analysis of the automotive industry for the Americas. It includes discussions of market trends, legislative/regulatory activity impacting production and threats as well as design strategies being implemented by the major automakers. Detailed charts and data tables outline North American automotive production over the last five years.

Learn more

Plastics Building & Construction Market Review and Outlook 2014 with MS Excel chart data

This report provides in-depth analysis of the plastic building and construction market for North America, including discussions of trends, opportunities, threats and the latest developments in construction trends that impact plastics processors.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events