The executive board of Humboldt Wedag GmbH (HWG), a major subsidiary of KHD Humboldt Wedag International AG (KHD), has informed KHD’s Management Board of the Works Council of HWG of a planned major reorganisation.
HWG’s executive board expects that the business environment in the cement plant construction industry will remain difficult in the near future and that existing personnel capacities cannot be sufficiently utilised. HWG must therefore adapt its structures to the current business volume in order to return to profitability in the medium term.
HWG’s management is planning to cut approximately 80 jobs. The measures required to implement the reorganisation will be discussed with the works council in the coming weeks.
Read the article online at: https://www.worldcement.com/europe-cis/14032019/khd-plans-headcount-reduction/