Job cuts at Terex Cranes

Up to 200 production jobs will be cut at Terex Cranes by 2014 across three production facilities in Germany. The decision is to adjust production capacity; there are no plans to shut down any factories.

The product locations affected are the Wallerscheid factory, the Dinglerstrasse factory and the Bierbach factory.

A spokesperson from Terex said, “Due to continually poor economic development, it has been necessary for Terex Cranes Germany to cut up to 200 production jobs until 2014. Most affected is the Wallerscheid factory where small to medium size all terrain cranes are produced.

“In 2008 several measures were put in place in order to maintain as many people as possible, however these measures are no longer enough to maintain the competiveness of this production facility. Measures that were put in place included flexi-time, overtime work and short-time work, temporary assignment of employees to other companies or other Terex locations, and a reduction of temporary and contractual staff.

“Additionally, there will be a realignment of bonus payment schemes that at present are above industry standards and do not relate to the performance of the company. Talks with the works council are currently underway, with the number one objective to find an acceptable solution for all affected employees.”