Siempelkamp Restructures
G. Siempelkamp GmbH & Co. KG announced a restructuring program intended to help strengthen the company’s competitiveness in a difficult global market environment caused by the challenges that have arisen from the current pandemic and its effects on the world economy.
“We expect a lower order volume in the U.S. and Europe in the current fiscal year. In addition, our core markets have shifted towards the Asian market in the past and coming years,” explains Dr. Martin Stark, Siempelkamp CEO. “Due to the current global development in the context of the Corona pandemic we do not see a quick recovery.”
The restructuring program focuses on organizational and process optimization as well as sales and digitalization efforts and a strengthening of the production network. In addition, there will be some changes to the personnel structure at Siempelkamp’s Krefeld, Germany location, including cutting approximately 260 jobs. Siempelkamp’s goal is to implement the job consolidation as socially acceptable as possible while working through constructive dialogue with the Works Council.
RELATED ARTICLES
STARWOOD ORDERS THIN-BOARD PLANT
XIANGSHENG ORDERS PARTICLEBOARD LINE
CALPLANT I NEARS THE FINISH (OR STARTING) LINE
DONGWHA ADDRESSES CHALLENGING FIBER
Latest News
Not Exactly Steinbeck But We’ll Take It
Article by Rich Donnell, Editor-in-Chief, Panel World July 2020 – We’ve all been confined to our small corners of the world for the past three months, but my wife and I ventured forth and made the drive from Montgomery, Alabama to Denver Colorado at the…
Canfor’s Vida Group Buys Sweden Mills
Canfor Corp. executives announced in mid June that Canfor’s 70%-owned subsidiary, Vida Group, has entered into an agreement to purchase three sawmills located in Sweden from Bergs Timber for $43 million (Can.), plus working capital…
Indonesia To Keep Export License System
Backing off an earlier announcement that Indonesian wood products exporters would no longer need to obtain a license showing the wood’s origin and legality, Indonesia’s Ministry of Trade recently reversed itself after an outcry…
Find Us On Social
Newsletter
The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.
Subscribe/Renew
Panel World is delivered six times per year to North American and international professionals, who represent primary panel production operations. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!