Xerium Technologies to Trim Jobs at Huyck Wangner in Germany
Nov. 15, 2012 - Xerium Technologies yesterday said that it has initiated consultation proceedings with the works council at its Huyck Wangner forming fabric facility in Reutlingen, Germany regarding a proposal to eliminate a significant number of positions in an effort to continue to address the company’s cost structure.
Due to the nature of the proceedings with the local works council, Xerium was not able to provide an estimate of the anticipated restructuring expenses or costs savings at this time.
"This is an important element of the Company’s plan to rightsize our cost structure," said Harold Bevis, Xerium's President and CEO.
"Despite these anticipated workforce reductions, Huyck Wangner will continue to timely fulfill customer requirements and will maintain its leadership in producing high quality forming fabrics,” he said.
Xerium Technologies, Inc. is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper-clothing and roll covers. The company, which operates around the world under a variety of brand names, utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. With 31 manufacturing facilities in 14 countries around the world, Xerium has approximately 3,400 employees.
SOURCE: Xerium Technologies, Inc.