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12.03.2019 13:38:32
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DGAP-Adhoc: KHD Humboldt Wedag International AG: KHD plans headcount reduction
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DGAP-Ad-hoc: KHD Humboldt Wedag International AG / Key word(s): Miscellaneous KHD plans headcount reduction Cologne, Germany, March 12, 2019 - Today the Executive Board of Humboldt Wedag GmbH (HWG), Cologne, a major subsidiary of KHD Humboldt Wedag International AG (KHD), Cologne, informed KHD's Management Board and the Works Council of HWG about a planned major reorganization. HWG's Executive Board expects that the business environment in cement plant construction industry will remain difficult in the near future and that existing personnel capacities cannot be sufficiently utilized. HWG must therefore adapt its structures to the current business volume in order to return to profitability in the medium term. HWG's management plans to cut approximately 80 jobs. The measures required to implement the reorganization will be discussed with the works council in the coming weeks. Additional Information: Contact:
12-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | KHD Humboldt Wedag International AG |
| Colonia-Allee 3 | |
| 51067 Köln | |
| Germany | |
| Phone: | +49 (0)221 6504 1500 |
| Fax: | +49 (0)221 6504 1409 |
| E-mail: | juergen.luckas@khd.com |
| Internet: | www.khd.com |
| ISIN: | DE0006578008 |
| WKN: | 657800 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |
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786421 12-March-2019 CET/CEST
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