KraussMaffei agrees to keep German plant open

EUROPEAN PLASTICS NEWS

Published: November 28, 2013 7:04 pm ET
Updated: November 28, 2013 7:07 pm ET

Related to this story

Topics Workforce, Machinery
Companies & Associations KraussMaffei AG

KraussMaffei Group has reached an agreement with unions and workers that allows the company to keep open its plant in Treuchtlingen, Germany.

KM had said on Nov. 12 that it would close the plant in order to maintain competitiveness and move its production of components for small- to mid-sized injection molding machines and extruders to other plants in Germany and Slovakia.

In a statement today, KM said talks between representatives of KM, the IG Metall trade union and the KM works council had resulted in an agreement to halt the closure plans for the Treuchtlingen factory.

"In connection with the constructive and professional negotiating discussions, all parties have furthermore agreed that there will be no involuntary redundancy notices up to Dec. 31, 2015," said Jan Siebert, CEO of KraussMaffei Group.

Munich, Germany-based KM said it was agreed that a 38-hour week would be introduced for the period January to September 2014 in order in increase competitiveness of the KraussMaffei Group. A 37-hour week will operate in the period from October 2014 to December 2015, and there will be no monetary compensation in both cases.


Comments

KraussMaffei agrees to keep German plant open

EUROPEAN PLASTICS NEWS

Published: November 28, 2013 7:04 pm ET
Updated: November 28, 2013 7:07 pm ET

Post Your Comments


Back to story


More stories

Image

Yizumi's stock price shoots up

January 30, 2015 11:56 am ET

Chinese injection press maker Guangdong Yizumi Precision Machinery Co. Ltd. has seen its stock price more than double in the first five trading days...    More

Image

China to lead the way on robots

January 30, 2015 11:12 am ET

More industrial robots will be operating in China’s production plants than in the European Union or North America by 2017.    More

Image

Piovan buys majority stake in Italy's Penta

January 28, 2015 12:04 pm ET

Italian auxiliary equipment company Piovan SpA has acquired a majority stake in the Italian materials handling company Penta srl, based in Poggio...    More

Image

Viking Plastics honored for employee relations

January 26, 2015 12:43 pm ET

Custom injection molder Viking Plastics has won DevelopErie’s 2014 Employer of the Year Award for manufacturing in the Erie, Pa., region.    More

Image

Top talent trends of 2015 taking shape

January 22, 2015 3:07 pm ET

What will be the top talent trends in the plastics workplace in 2015?    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

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

More Events