The exec board as well as worker reps of GUY Energy Solutions have actually settled on a joint paper laying out the bottom lines of the restructuring of the business introduced July 22. The brand-new strategy decreases the complete variety of tasks targeted for removal from 4,000 to 2,600.
The changed target has the assistance of GUY Energy Solutions’ moms and dad, the Volkswagen Group, which claims that when prepare for application of the structuring remain in area it will certainly place its strategies to market the business.
In return for the decrease in the work reduced complete, giving ins connected to labor expenses have actually been set that will certainly enable the business to accomplish its restructuring goals.
The business will certainly decrease the dimension of its Berlin website, where it will certainly concentrate on the manufacturing of elements. It will certainly likewise maintain its solution company in Hamburg undamaged. It will, nevertheless, stop vapor wind turbine manufacturing there. Restructuring steps have actually been set for the Augsburg as well as Oberhausen websites, as well as the companies in Denmark, France, England, as well as Switzerland will certainly likewise be structured.
Implementation of these steps will certainly lead to the loss of around 2,600 tasks, consisting of around 1,650 in Germany as well as 950 in various other European as well as non-European nations.
“This necessary reduction in the workforce will be carried out in a socially responsible manner, although terminations for internal business reasons cannot be ruled out,” claims the business.
CONCESSIONS ON LABOR PRICES
In order to satisfy the targeted price cuts of 450 million euros the celebrations of the cumulative labor contract will certainly work out in order to accomplish a decrease in workers expenses of around 40 million euros yearly through from 2021 to 2023.
“As much as we would like to, we cannot avoid job cuts completely,” claimedDr Uwe Lauber, Chief Executive Officer of GUY Energy Solutions: “The implementation of the measures agreed upon in the paper on the basis of compensating measures will result in fewer job cuts than originally planned. At the same time, we are sticking to our target and creating the necessary freedom to more effectively absorb external effects in the future. We are streamlining and focusing our organizational structures and are improving our earnings situation over the long term by cutting costs.”
VOLKSWAGEN NOT TO OFFER FIRM
The Volkswagen Group claims it anticipates that the needed requirements for application will certainly be efficiently completed by the end of 2020. Once this has actually taken place Volkswagen will certainly suspend its strategies to market GUY Energy Solutions up until the completion of the restructuring initiatives, that include work cuts, decrease of workers price as well as the moving of items to international manufacturing facilities. This will use a minimum of up until completion of 2024.
The Volkswagen Group has additional concurred that the business will certainly stay component of the team up until a minimum of completion of 2026 if it accomplishes an earnings target of 9% EBIT on a regular basis by that day.
“Volkswagen has called on both the management and employees of MAN Energy Solutions to come up with a concept that will make it possible for the company to position itself for the future and achieve financial independence,” claimedLauber “The paper lays the foundation for this concept. Volkswagen is now giving us the opportunity to implement the agreed upon measures as part of the group.”
