Verallia, the leading French-headquartered manufacturer of glass containers, has announced plans to reduce its workforce in Germany. The company has cited challenging market conditions within the German glass sector as the primary driver for this decision.
In a statement, Verallia confirmed its intention to “implement a plan to reduce its workforce and costs.” This strategic adjustment is anticipated to result in approximately 100 job redundancies. The reductions are expected to particularly impact the company’s facilities in Bad Wurzach and Essen.
Verallia estimates the cost associated with these workforce adjustments to be around €10 million. This move underscores the significant pressures currently facing the glass container market in Germany, necessitating operational adjustments to maintain competitiveness and stability.
Further details regarding the implementation of the plan and support for affected employees are expected to be provided by Verallia as the process moves forward. This announcement highlights the dynamic and sometimes difficult economic landscape within which manufacturing industries operate, requiring companies to adapt to evolving market realities.
Source: Verallia with additional information added by GlassBalkan