H B Fuller close five European facilities, cuts 370 jobs

H B Fuller to close five European facilities, cuts 370 jobs

4:49 AM, 1st June 2012
H B Fuller to close five European facilities, cuts 370 jobs
Jim Owens, President and CEO, H B Fuller.

ST PAUL, US: H B Fuller Company intends to make several organizational changes to support its growth and profitability strategy in the Europe, India, Middle East and Africa (EIMEA) operating segment. These specific plans support the segment’s commitment to improve EBITDA margin to 15 per cent by the year 2015 while completing the acquisition of the Forbo business in the region. Overall, plans for investment and restructuring represent a net reduction of 370 positions.

The company also plans for close some of its facilities. The facilities scheduled for closure are- Chatteris, United Kingdom; Pirmasens, Germany and Vigo, Spain, as well as the previously announced closures planned for facilities in Borgolavezzaro, Italy, and Wels, Austria. These facility closures will be staggered over the next two years.

“We have thoroughly examined every part of the now-combined EIMEA business, and I am confident that the organization we have designed will enable H B Fuller to achieve our profitable growth goals in EIMEA. Streamlining our operations and investing where it makes sense will make the region more efficient and able to provide even better service to our customers,” said Jim Owens, President and CEO, H B Fuller.

© WOC News



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