GERMANY: Hauni to Shed 800 Jobs

Source from:  TJI 06/04/2015

Hauni Maschinenbau will slash its tobacco sector workforce by 800, mostly at its headquarters in Hamburg, in response to poor market conditions, the Bergedorfer Zeitung reported.

About 500 jobs, amounting to about one quarter of the Hamburg workforce, will be eliminated in Germany, the newspaper said on its website. Hauni, a leading supplier of machinery for all stages of tobacco production, currently employs about 4,600 people in Germany and around the world.

Hauni expects its revenues from the tobacco business will decline 35 to 40 per cent in the mid- to long term, according to Chief Executive Officer Christopher Somm, as quoted by the Bergedorfer Zeitung. The job cuts are expected to impact both manufacturing and the front office, according to the newspaper. Enditem