Marklin

[Hans Reints]

Dit bericht kwam tot mij via een Amerikaanse relatie!
Neem het voor wat het waard is--SK

More workforce cuts coming at German train manufacturer

January 29, 2007
Change continues at German train manufacturer Märklin, as the company has named Axel Dietz its new chief executive officer. The 46-year-old was previously the head of a German milk company.

Dietz has been quoted in the German press as saying "Märklin is an absolutely fascinating brand, one that is strongly underdeveloped." His thoughts are in line with those of Märklin owners Kingsbridge Capital Ltd., which purchased the company in 2006.

Not only will Dietz lead the company, but he will also invest his own money into it. He has not revealed the level of his financial involvement. After several years of losses and near insolvency, workforce cuts have helped stabilize the financial situation at Märklin, but more layoffs are on the way. One of Dietz's first tasks will be to oversee cuts to a fifth of Märklin's 1,400-member workforce, including 120 jobs at its Göppingen headquarters. The company also wants to end production at its plant in Sonneberg, Germany, and transfer that work to its factory in Hungary. The firm intends to increase the number of parts it gets from China.

Dietz has a business background with Phillip Morris and R.J. Reynolds, two United States-based tobacco firms. He's also worked in the hair care and cosmetic industries. He replaces Paul Adams, who headed the company since 2002. - Hal Miller, editor, Model Retailer magazine

Zie ook het bericht hieronder bij Marklin Plat.

[stig]

O.