Skip to main content

FLSmidth to reduce number of employees by 500

Published by
World Cement,


FLSmidth is adjusting the number of employees by approximately 500 as part of the business improvement initiatives announced towards the end of 2019 and as a consequence of current industry caution and delays tied to large capital investments.

To improve efficiency and adapt to the anticipated business activity in 2020, FLSmidth has decided to reduce the number of employees by approximately 500 globally. The reductions will include approximately 80 situated at the headquarter in Copenhagen, Denmark, as well as another approximately 420 staff in offices around the world.

FLSmidth CEO Thomas Schulz comments: “Despite a healthy pipeline, this is an unfortunate yet necessary action given the weakening market for large capital investments in 2019 and our ongoing efforts to improve internal efficiency. In connection with Q3, we announced a need to make necessary business adjustments, and we take this step now to position FLSmidth for future profitable growth.”

Read the article online at: https://www.worldcement.com/special-reports/21012020/flsmidth-to-reduce-number-of-employees-by-500/

You might also like

Sustainability 2020

Sustainability 2020

An online conference focusing on sustainability in the cement industry. Join us for presentations covering topics such as: Alternative fuels, air pollution control, dust control, carbon capture and more. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

European cement news FLSmidth news