Xerium Technologies continues European cost reductions
Nov 15, 2012. Xerium Technologies, Inc. has initiated consultation proceedings with the works council at its Huyck Wangner forming fabric facility in Reutlingen, Germany, regarding a proposal to eliminate a significant number of positions in an effort to continue to address the Company’s cost structure.
Nov 15, 2012. /Lesprom Network/. Xerium Technologies, Inc. has initiated consultation proceedings with the works council at its Huyck Wangner forming fabric facility in Reutlingen, Germany, regarding a proposal to eliminate a significant number of positions in an effort to continue to address the Company’s cost structure. Due to the nature of the proceedings with the local works council, the Company is not able to provide an estimate of the anticipated restructuring expenses or costs savings at this time, as Xerium Technologies said in the press release received by Lesprom Network.
Commenting on the action, Harold Bevis, the Company’s President and CEO said, “This is an important element of the Company’s plan to rightsize our cost structure. Despite these anticipated workforce reductions, Huyck Wangner will continue to timely fulfill customer requirements and will maintain its leadership in producing high quality forming fabrics.”
Xerium Technologies, Inc. is a leading global manufacturer and supplier of two types of consumable products used primarily in the production of paper-clothing and roll covers. With 31 manufacturing facilities in 14 countries around the world, Xerium has approximately 3,400 employees.