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.

There’s No Time Like The Future

THERE’S NO TIME LIKE THE FUTURE Article by Rich Donnell, Editor-in-Chief, Panel World September 2021 As I write this, several of us on the editorial staff are about to head to Atlanta, Georgia where we…

Roseburg To Shut Down Dillard P’board

Roseburg Forest Products (RFP) announced on August 25, 2021 that it will shut down its particleboard plant in Dillard, Ore. The plant has been in operation since 1965, and will continue running as the plant…

Digital Platform Is Presented

Beginning September 27, 2021 exploreSiempelkamp will participate in the digital event, LIGNA.Innovation Network, organized by Deutsche Messe AG and the VDMA Woodworking Machinery Assn.—a virtual event designed to attract international LIGNA visitors for three days.…

« Older Entries

Next Entries »

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1589916740199-0'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376916922-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548376961890-0'); });

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1548377005333-0'); });

Newsletter

The monthly Panel World Industry Newsletter reaches over 3,000 who represent primary panel production operations.

Subscribe Now

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.

Complete the form

Advertise

Complete the online form so we can direct you to the appropriate Sales Representative. Contact us today!

Contact Us