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

Zimmer buying Biomet in $13 billion deal

April 24, 2014 4:25 pm ET

Orthopedic device giant Zimmer Holdings Inc. is buying rival Biomet Inc. in a $13.35 billion cash and stock deal, the companies announced April 24.    More

Injection molder Precision Plastics adding space, presses in Indiana

April 24, 2014 2:54 pm ET

Custom injection molder Precision Plastics Inc. is expanding its Columbia City, Ind., operation.    More

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Some medical devices could get faster approval with new FDA rules

April 22, 2014 7:41 pm ET

The U.S. Food and Drug Administration is proposing an expedited approval for medical devices for devices aimed at the diagnosis or treatment of...    More

Image

Two Ohio groups team up to accelerate development of future medical devices

April 22, 2014 9:55 am ET

The Austen BioInnovation Institute in Akron and Cleveland-based design specialists Nottingham Spirk announced a strategic partnership that the two org...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

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

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

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