CLT Manufacturing Facility and Late-Model Wood Processing Equipment Offered in Online Auction SPONSORED CONTENT PROVIDED BY PPL GROUPA complete...
Siempelkamp Restructures
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
SPONSORED CONTENT: CLT Manufacturing Facility and Late-Model Wood Processing Equipment Offered in Online Auction
Rayonier Announces Wood Products Leadership Transition
Rayonier Announces Wood Products Leadership Transition Rayonier Inc. has announced that Ashlee Townsend Cribb has resigned as Executive Vice...
Vecoplan AG Announces New CEO
Vecoplan AG Announces New CEO Following Eric Jaschke's appointment to Chief Financial Officer (CFO) in December 2025, Vecoplan AG has also...
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!