EANS-News: Nordex completing layoffs with minimum staff hardship
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Layoffs & Downsizing Subtitle: Layoffs achieved by means of voluntary measures /Employment guarantee until March 2013 Hamburg (euro adhoc) - Wind turbine manufacturer Nordex has now fully implemented its cost-cutting programme with which it plans to return to the black next year. After trimming its operating expenses, the company has now also made the necessary adjustments to its European workforce. All told, around 260 jobs are affected by the programme. "In the interests of industrial peace and staff motivation, it was important for us to come up with a solution which ensured minimum hardship while remaining affordable," says Thomas Richterich, CEO of Nordex SE. "We achieved this in constructive negotiations with the employee representative bodies." Some 65 percent of the positions were removed by means of a volunteer programme. For this purpose, Nordex offered its employees a settlement, the amount of which was based on their length of service. Further reductions were achieved by staff handing in their own notice. In this way, it was possible to avoid the need for a broad hardship-minimisation plan or terminations for operational reasons. Moreover, such terminations have been ruled out for the immediate future as the contract with the employee representatives also provides for an employment guarantee until March 2013. Further inquiry note: Ralf Peters Head of Corporate Communication Tel.: +49 (0)40 300 30 15 22 rpeters@nordex-online.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Nordex SE Langenhorner Chaussee 600 D-22419 Hamburg phone: +49 (0)40 30030-1000 FAX: +49 (0)40 30030-1101 mail: info@nordex-online.com WWW: http://www.nordex-online.com sector: Alternative energy ISIN: DE000A0D6554, DE0000A0D66L2 indexes: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share, ÖkoDAX stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English
Original content of: Nordex SE, transmitted by news aktuell