Filtration manufacturer Mann+Hummel has announced today (April 11) that the company is planning a worldwide reduction of 'about 1,200' jobs with 'up to' 300 jobs lost from German locations.
However, the company has said that direct production will not be affected by the downsizing, which was mooted in a global cost restructuring programme announced in Februrary.
"We will continue to invest heavily in our business segments transportation and Life Science & Environment and see the planned staff reductions as part of a global initiative to short the company and to position long-term competitiveness" explained Werner Dear Lord, President and CEO.
Consultations with staff and unions have begun and the company anticipates a 'timely completion' of the restructuring programme.
[caption id="attachment_16661" align="alignright" width="300"] Mann+Hummel US HQ[/caption]
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