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
Newsmakers 2016: DR Johnson Lumber Company
DR Johnson Lumber Co., based in the small Oregon town of Riddle, is poised at the forefront of what could be a revolutionary use of wood as a building material in the Northwest. Don R.…
Columbia Forest Products Builds Executive Team
Columbia Forest Products, a leader in decorative hardwood plywood panels, promoted three senior-level employees to the company’s executive team, as announced by Brad Thompson, President and CEO: Gary Gillespie has been promoted to Executive Vice…
Appalachian Hardwood Manufacturers Tout Formaldehyde-Free Solid Wood
Appalachian Hardwood Manufacturers, Inc. (AHMI), promoting the advantages of formaldehyde-free real, solid wood to public, are contrasting its natural qualities with the unsafe laminate flooring that had gotten Lumber Liquidators into trouble with consumers. “Discount…
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!