Thyssenkrupp reaches agreement with works councils on social plan for the Olpe and Hagen plants. Reduction of 500 jobs by summer 2022.

Thyssenkrupp closes its stabilizer plant in Olpe and cuts a total of 500 jobs in the automotive supply division. On Wednesday, the group reached an agreement with the works council on an accompanying social plan and balance of interests. Accordingly, the downsizing should take place without redundancies.

The agreement was preceded by protests at the affected locations and almost six months of negotiations with the employees. In April the supervisory board of the Thyssenkrupp subsidiary Federn und Stabilisatoren decided to close the Olpe plant with around 330 employees. Production of stabilizers in the Sauerland is to be discontinued at the end of 2021.

Thyssenkrupp upgrades its Hagen site

Production is to be reorganized in Hagen and all German development and production capacities are to be bundled there. These are in particular the stabilizer production for small series and the spare parts business as well as the series production of springs for cars, including electric cars. According to the company in Hagen, “up to 160” of the current 400 jobs will be lost due to significantly greater automation. The conversion of the plant should be completed in the summer of 2022. Because some new jobs will also be created, 320 employees will then work in Hagen.

The social plan consists of three pillars: On the one hand, there should be offers to switch to other positions at Thyssenkrupp. If this is not an option, you can switch to a transfer company, receive further training there and receive support in finding work outside the group. Thirdly, there is help for older employees to transition into retirement.

Thyssenkrupp executive board sees no future prospects for the spring business

The Essen-based industrial group spun off the springs and stabilizers division from its core business and balance sheet at the beginning of October at the beginning of the new financial year. Along with a few other areas, it belongs to the segment called “Multi Tracks”, which bundles all areas that are to be sold or the majority of which are to be given to partners.

Martina Merz’s board of directors sees “no more sustainable future prospects” in the group for these areas. This also includes industrial plant construction, heavy plate steel production in Duisburg, the construction technology business and the stainless steel plant in Terni, Italy. A total of around 20,000 people still work in the “Multi Tracks”.

With Olpe, the Springs and Stabilizers division currently still operates nine plants in Germany, Hungary, Brazil, Mexico and China – the number of employees around the world will drop from around 3,400 to 2900 in the next two years as a result of the restructuring in Germany.


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