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KSM Castings to chop 400 jobs in Germany | Automotive Trade Information
KSM Castings Group is reducing 400 jobs in Germany within the coming months.
As well as, a brand new restructuring collective settlement is to be negotiated with the IG Metall union for remaining workers.
Nevertheless, all German websites are to be retained. KSM Castings Group had utilized for a protecting shielding process on the Hildesheim district court docket on 2 July, 2020.
“Though we’re at present recording an excellent order consumption, we all know that is primarily attributable to catch-up results from the earlier corona lockdown,” mentioned KSM Castings CEO, Zhihua Zhu.
“The present gross sales figures of the automobile business and the outlook of the market researchers are clear. We are going to subsequently not be capable of keep away from adjusting our personnel capacities and value construction, together with the remaining personnel prices.
“That is the one means we will turn into aggressive once more, keep our German places, safe jobs and provides our workers a long-term perspective”.
KSM Castings just isn’t planning to shut any websites as a part of its restructuring. All 4 KSM websites in Germany in Hildesheim, Wernigerode, Wuppertal and Radevormwald are affected by the job cuts.
On the largest manufacturing web site and headquarters in Hildesheim, round 270 of the present 900 jobs are to be minimize, together with not solely in manufacturing but in addition in administration.
For the manufacturing web site, Bergisches Land (Wuppertal and Radevormwald), a discount of round 90 jobs (at present roughly 430 workers) is deliberate and for the Wernigerode web site, round 30 jobs (at present roughly 400 workers).
The deliberate job cuts are a part of the restructuring idea and reorganisation plan, which KSM Castings Group will undergo the Hildesheim district court docket by the tip of September as a part of the protecting protect proceedings. In line with present planning, the job cuts in particular person areas are to be unfold throughout a number of months.
To this finish, KSM will negotiate a reconciliation of pursuits and a social plan with the overall works council within the subsequent few weeks. As well as, KSM intends to barter a brand new collective restructuring settlement with IG Metall for the remaining workers.
KSM Castings Group employs round 2,350 individuals at 5 manufacturing websites in Germany and the Czech Republic.