Crisis in Europe: Kloeckner & CO largest German metal -drawer announced a reduction in 2000 jobs

Kloeckner & Co plans to reduce more than 2000 jobs in connection with the ongoing crisis in the eurozone. This is stated in the program of restructuring the largest metallurgical distributor of Germany for 2013.

The Kloeckner report on Friday says that the company will have to reduce 17 percent of the number until the end of 2013. In addition, in order to reduce expenses, the metal engineer has already closed more than 70 of his departments around the world and fired more than 700 employees in accordance with the previously adopted restructuring program of 2011. About this on the site reports OOO "TM Service".

CEO Kloeckner & CO Mr. Gisbert Raul informed investors who took part in the annual meeting of shareholders that the European steel industry is in a deep crisis, which, of course, will last some more time. “Today there are signs that small and medium -sized enterprises in Europe that do not have their own capital are faced with difficulties in financing their programs,” he added.

Kloeckner operating profit, excluding restructuring expenses, fell 39 percent last year, and according to its general director, it is unlikely that something to change in 2013.

As previously reported, all major steel companies of the EU stated the intentions of the intentions of the workers of the European metallurgical sector. The largest abbreviations are waiting for employees of Arselormital and Thyssenkrupp.