When the lease expires in 2023, PALFINGER will focus manufacturing on its Löbau site for economic reasons. Discussions are being held with the works council to find socially agreeable arrangements for the employees.
The lease for PALFINGER’s Krefeld site expires in August 2023. To find a future-oriented solution, PALFINGER has evaluated all options for the site from an overall business and organizational point of view: PALFINGER is striving for further growth, especially in the market for aerial work platforms. For this a site is needed that can be substantially expanded and developed. This option cannot be implemented cost effectively in Krefeld. While areas such as Sales and Service will remain in the Krefeld area, production will be relocated to PALFINGER’s Löbau site. This decision creates the conditions for making optimum use of growth potential while integrating production even better into the company’s global organizational structure.
Socially agreeable arrangements for employees
“This was not an easy decision for us,” emphasizes Gernot Pichorner, Region Operations Officer at PALFINGER. “It is important for us to mention that this decision has nothing to do with the performance and commitment of the employees, but was made purely for economic reasons”. After the works council had been informed, the employees were advised of the current situation. Together with the works council, PALFINGER is quickly seeking socially agreeable and fair arrangements for the employees affected.
ABOUT PALFINGER AG
PALFINGER is an international technology and mechanical engineering company and the world's leading provider of innovative crane and lifting solutions. With about 11,000 employees, 34 locations and a worldwide sales and service network of around 5,000 service points, PALFINGER guarantees customers immediate and optimal proximity.
As the leader in its engineering field, the company aims to ensure its partners’ business success in the long term by providing solutions and products that remain economically and ecologically viable in the future. Its broad product and model portfolio allow PALFINGER to take digitalization and the deployment of artificial intelligence to new levels.
As a global company with strong roots in its home region, PALFINGER is convinced that thinking and acting in the interest of sustainability plays a vital role in successful business operations. That is why the company assumes social, ecological and economic responsibility along the entire value chain.
PALFINGER AG has been listed on the Vienna Stock Exchange since 1999 and achieved a revenue of EUR 1.53 billion in 2020.