Homag Group AG
HOMAG Group and works’ councils reach agreement on FRIZ restructuring
Homag Group AG / Key word(s): Agreement HOMAG Group and works' councils reach agreement on FRIZ restructuring – Reconciliation of interests and redundancy plan agreed – Restructuring to be completed in first half of 2013 Schopfloch, January 25, 2013. The management of HOMAG Group AG and the management of FRIZ Kaschiertechnik GmbH, Weinsberg, have reached an agreement with the works' council of FRIZ Kaschiertechnik GmbH and the group works' council concerning the terms of the planned restructuring. A reconciliation of interests and a redundancy plan were agreed. A total of 26 employees will continue to be employed at the Weinsberg site, where profile wrapping machines will still be developed and produced. FRIZ, a brand with a strong tradition, will be kept for this product. Service activities will also be maintained at the site. In close cooperation with FRIZ Kaschiertechnik GmbH, HOMAG Holzbearbeitungssysteme GmbH in Schopfloch will continue to offer the laminating technology under the HOMAG brand. The other 26 employees affected by the restructuring can all join a transfer company. The restructuring of FRIZ Kaschiertechnik GmbH is to be completed in the first half of 2013. The CFO and personnel director of HOMAG Group AG, Hans-Dieter Schumacher, commented positively on the outcome of the negotiations: 'The agreement now reached marks an important milestone in the restructuring. Together with the works' councils, we were able to find a viable solution for all parties concerned. This necessary measure strengthens the HOMAG Group's competitiveness.' Hannelore Knowles, chairwoman of the group works' council, is also satisfied with the result achieved: 'Under the given circumstances, our top priority was to ensure that as many employees as possible keep their jobs. For the remaining employees, we wanted to achieve the most socially acceptable transition. We succeeded in doing this with the agreements that have been reached.' – – – – – – – – – –
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HOMAG Group AG End of Corporate News 25.01.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Homag Group AG | |
Homagstr. 3-5 | ||
72296 Schopfloch | ||
Germany | ||
Phone: | +49 (0)7443 / 13 – 0 | |
Fax: | +49 (0)7443 / 13 – 2300 | |
E-mail: | info@homag-group.com | |
Internet: | www.homag-group.com | |
ISIN: | DE0005297204 | |
WKN: | 529720 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
End of News | DGAP News-Service |
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