News
14.07.2010
Alno AG to cut up to 150 jobs in Pfullendorf this year
Staff cuts are the consequence of the requisite structural changes to the product range // Company and works council come together and negotiate balanced compensation of interests and social plan
Düsseldorf, July 14, 2010 - Alno AG will cut up to 150 jobs at its facility in Pfullendorf (Baden-Württemberg, Germany) by the end of 2010 as the first stage of the planned staff cuts.
Structural changes as part of the “ALNO 2013” concept have already significantly improved the income quality as Alno has consciously waived generating lower-margin revenues and its customers are coming to accept this concept, step by step. In spite of this, it can be seen that the short-time work that started in Pfullendorf in March 2010 is not sufficiently able to compensate for the existing capacity deficit.
Series production, which until now has been located in Pfullendorf, will be relocated to Enger (North-Rhine Westphalia, Germany), and this plant’s long-term focus will be on select special ranges. “We are convinced that the plant in Pfullendorf stands can pull through as a production location for top-quality Alno units.
That is why we are doing all we can to maintain this location, in a correspondingly adjusted form,” commented Alno’s CEO Jörg Deisel, on the decision. “We are aware that the short-time work we put in place won’t be enough on its own to permanently take the pressure of the capacity situation. Short-term work cannot be a long-term solution, and that is why the staff cuts are needed now and not in one or two year’s time,” he added, stating further reasons for this step.
The Managing Board is very pleased that it has been able to work out a socially acceptable approach together with the Works Council. The jobs will be cut in line with the agreed reconcilement of interests and social plan, which includes a package of activities including voluntary termination agreements through to an employment and qualification company to be formed as of September 1, 2010. This company aims to return as many employees as possible to the job market.
About Alno AG:Alno AG is one of Germany’s leading kitchen manufacturers. It has four national production facilities and also a production facility in Dubai, and serves the German and international markets with a full range of kitchens. The Alno Group has four brands: the core brand Alno and also Wellmann (classic/modern), Impuls (minimalist) and Pino (entry-level prices). Alno AG has around 7,000 distribution partners and is active in more than 64 countries. In fiscal year 2009 around 1,900 employees recorded revenues of approx. EUR 493 million and EBIT of around EUR 1.1 million before extraordinary write-downs. Foreign sales accounted for 29.8% of revenues.
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Legal notice:This ad hoc disclosure may include forward-looking statements, which are based on the current expectations and forecasts of Alno AG’s management or its associated companies. Various known and unknown risks, uncertainties and other factors may lead to the actual results, financial position, or performance of Alno AG and its affiliated companies deviating substantially from the estimates included herein. Neither Alno AG nor its affiliated companies undertake to update any such forward-looking statement and to adjust these to future events or developments.
Contact:ALNO AG
Director Corporate Communication + Investor Relations
Airport Office I, Peter-Müller-Straße 14/14a
D-40468 Düsseldorf
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andrea.wolf@alno.deDownload Press Release
