Partial relocation of Krefeld site

03.09.2021

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 producer and provider of innovative crane and lifting solutions. With around 12,700 employees (without contract workers), 30 manufacturing sites and a worldwide sales and service network of around 5,000 service points, PALFINGER creates added value from the challenges of its customers. PALFINGER is consistently continuing on its course as a provider of innovative, complete solutions that deliver increased efficiency and better operability, while leveraging the potential of digitalization along the entire production and value chain.

PALFINGER AG has been listed on the Vienna stock exchange since 1999, and in 2023 achieved record revenue of EUR 2.45 billion.

QUERIES TO

Katja Pötsch | Head of Public Relations & Executive Communication | PALFINGER AG
M +43 664 889 69 065 | k.poetsch@palfinger.com