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Abonner Progress-Werk Oberkirch AG

Progress-Werk Oberkirch AG

EANS-News: Progress-Werk Oberkirch AG
PWO entered into supplementary collective labour agreement for Oberkirch site

Oberkirch (euro adhoc) -

The revised supplementary collective labour agreement is valid until 
the end of 2016 and replaces the previous version
  Corporate News übermittelt durch euro adhoc. Für den Inhalt ist der
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Unternehmen
Utl.: The revised supplementary collective labour agreement is valid 
until the end of 2016 and replaces the previous version
Oberkirch, 25 November 2009 - Progress-Werk
Oberkirch AG has entered into a revised supplementary collective 
union agreement for the Oberkirch site. This agreement is valid until
the end of 2016 and replaces the previous version.
The principal objective of the new agreement was to create the basis 
for maintaining the competitive position of the site in the next 
decade. Under the new agreement, it will be possible to realise 
production on wide-ranging orders totalling several hundred million 
Euros in Oberkirch at competitive costs.
Karl M. Schmidhuber, Chairman of the Management Board of 
Progress-Werk Oberkirch AG, hailed the new supplementary agreement: 
"The new agreement makes our long-term plans rather more secure. Our 
employees have agreed to make a substantial effort to support the 
site in the current financial and economic crisis and to create 
competitive structures for the coming years. The company will be 
investing a further 30 million Euros in this. Not only will this 
secure existing jobs, it also creates new ones and keeps important 
orders at the site on the long run. Thus, Oberkirch is and will 
remain PWO´s most important production site."
Progress-Werk Oberkirch AG
The Management Board
PWO company profile PWO is one of the world´s leading suppliers of 
high-precision metal components for the automobile industry, 
specialising in vehicle safety and comfort. The company has developed
a unique know-how in the shaping and joining of metals over ninety 
years of corporate development since its foundation in 1919. The 
German plant in Oberkirch currently has around 1,100 employees. The 
company is represented globally, with sites in China, Canada, Mexico 
and the Czech Republic, and has around 1,900 employees.
PWO is a partner to the global automobile industry for the 
development and production of innovative products: by the millions, 
just-in-time and on a zero-defect basis. In close cooperation with 
customers, PWO´s international production sites are being expanded to
supply foreign markets. This way, considerable successes have already
been achieved, meaning that PWO has contracts that will once again 
lead to growth in the coming years - regardless of whether the 
markets fully recover or not.

Rückfragehinweis:

Bernd Bartmann (CFO)
Phone: +49 7802 / 84-347
Fax: +49 7802 / 84-789
e-Mail: bernd.bartmann@progress-werk.de

Branche: Auto
ISIN: DE0006968001
WKN: 696800
Börsen: Frankfurt / Regulierter Markt/Prime Standard
Berlin / Freiverkehr
Hamburg / Freiverkehr
Stuttgart / Freiverkehr
Düsseldorf / Freiverkehr
München / Freiverkehr

Plus de actualités: Progress-Werk Oberkirch AG
Plus de actualités: Progress-Werk Oberkirch AG