250 Jobs will be lost at Rieter

the World would be deleted 5 percent of the Make, Rieter on Wednesday. This results in a headcount of a good 5'100 employees, a reduction of around 250 Jobs.

is mined In what regions, said Rieter. Also remained open, what functions will be affected. For such information, it was too early, said a spokeswoman for the news Agency AWP. In Switzerland Rieter employs around a fifth of all employees.

Background removal is a slack in demand. The weak market environment have also stopped in the first two months of 2019 and have led to a lower demand, wrote Rieter. The company is therefore expected for the first half of the year, and the year as a "significant decline" in sales and profit (excluding special effects).

orders

as early as 2018, the company received only orders to the value of 868,8 million Swiss francs (-17%). Sales increased, however, thanks to orders from better times ( 11% to 1.08 billion).

at the end of the Winterthur-based company with a long tradition of 2018 earned significantly more. The net profit came in at 32.0 million, after it had been in the previous year, only 13.3 million.

the reason for the increase in profit was primarily a one-time effect. Thus, in the prior year due to the realignment of the German location in Ingolstadt, restructuring costs of 36 million.

excludes restructuring costs, the profitability, however, already in 2018 declined, as the company acknowledged. This was justified, among other things, an "unfavorable product mix" in the new machinery business, which was in the red. (sda)

Created: 13.03.2019, 07:45 PM