SAF-HOLLAND S.A.: Integration of Wörth am Main plant into the Bessenbach plants Keilberg and Frauengrund

SAF-HOLLAND S.A. / Key word(s): Miscellaneous/Miscellaneous

01.10.2013 / 18:05

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SAF-HOLLAND: Integration of Wörth am Main plant into the Bessenbach plants
Keilberg and Frauengrund

* Improvement in profitability of the Trailer Systems Business Unit through
optimization of production processes
* Integration of Wörth am Main plant into the existing Keilberg and
Frauengrund plants
* Outsourcing of the Logistics Service Center to external service provider
* Personnel measures aiming at no redundancies for operational reasons


Luxembourg, October 1, 2013 - The management of SAF-HOLLAND, a leading
supplier for the global truck and trailer industry, has decided to transfer
the Wörth am Main plant into the existing Keilberg and Frauengrund plants
in Bessenbach. The integration of the Wörth am Main plant is part of a
package of measures to increase the profitability of the Trailer Systems
Business Unit and leads to an optimization in production processes within
the plant network. In this context, it has been decided to close the Wörth
am Main location. Correspondingly, the Keilberg and Frauengrund plants will
be expanded and improved in terms of building structure. The transfer of
production, and the existing machinery and facilities of the Wörth am Main
plant, as well as the transfer of the employees affected, is to take place
gradually from December 2013 to December 2015.

Furthermore, it was decided to carry out the activities of the LSC
(Logitics Service Center) department at the Frauengrund plant by way of an
external logistics service provider starting from the end of 2013 / early
2014.

The plant consolidation and outsourcing of the logistics activities shall
be implemented in connection with personnel measures and affect 36
positions mainly in the administrative and indirect area in Wörth am Main
and 50 positions in the LSC department at the Frauengrund plant. For this
purpose, management entered into negotiations with the works council and IG
Metall on October 1, 2013 and strives to implement the measures without
redundancies for operational reasons. In this connection, a program has
been initiated that comprises offers of partial retirement, continued
qualification and reassignment to open positions or those that become open
due to normal labor turnover. Furthermore, management expects to be able to
offer different workplaces to the affected employees in the future as a
result of the positive development of business and operational growth.
  



Company profile:
With sales of approximately EUR 860 million in 2012 and more than 3,000
employees, SAF-HOLLAND S.A. is one of the world's leading manufacturers and
suppliers of premium product systems and components primarily for trailers
as well as trucks, buses and recreational vehicles. The product range
encompasses axle systems and suspension systems for trailers, coupling
devices, kingpins, and landing legs. SAF-HOLLAND sells its products on five
continents to Original Equipment Manufacturers (OEMs) in the replacement
parts market and, in the aftermarket business, to the OEM's Original
Equipment Suppliers (OESs), as well as by means of a global service and
distribution network. Through this network, SAF-HOLLAND re-sells its
products to end users and service centers. SAF-HOLLAND has thus established
itself as one of the few manufacturers in its sector that is
internationally positioned with an extensive product range and a broad
service network. SAF-HOLLAND S.A. is listed in the Prime Standard of the
Frankfurt Stock Exchange and is among the stocks in the SDAX (ISIN:
LU0307018795).



Contact:
SAF-HOLLAND GmbH
Claudia Hoellen
Hauptstraße 26
63856 Bessenbach

Phone +49 6095 301-617
claudia.hoellensafholland.de


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Language:    English                                               
Company:     SAF-HOLLAND S.A.                                      
             68-70, boulevard de la Pétrusse                       
             L-2320 Luxembourg                                     
             Grand Duchy of Luxembourg                             
Phone:       +49 6095 301 - 0                                      
Fax:         +49 6095 301 - 260                                    
E-mail:      info@safholland.de                                    
Internet:    www.safholland.com                                    
ISIN:        LU0307018795, DE000A1HA979,                           
WKN:         A0MU70, A1HA97                                        
Indices:     SDAX                                                  
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
End of News    DGAP News-Service  
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