Bulten starts restructuring program, plan to reduce workforce by approximately 50 people in its German unit

2019-08-27Press release

Bulten is starting a restructuring program in its German unit with the aim of streamlining the unit and to adapt to current market conditions. The company is therefore planning to reduce its workforce in Bergkamen, Germany by approximately 50 people.

Bulten is starting a restructuring program in its German unit with the aim of streamlining the unit and to adapt to current market conditions. The company is therefore planning to reduce its workforce in Bergkamen, Germany by approximately 50 people.

The planned reduction refers to both white-collar and blue-collar employees, as well as  temporary staff, in total approximately 50 people.

Negotiations with relevant trade unions will begin immediately.

The expected effect on earnings will be disclosed during quarter three.

For further information, please contact:
Anders Nyström, President and CEO, Bulten
Tel: + 46 (0)31‐734 59 00, e‐mail: corporatecommunications@bulten.com

This information is information that Bulten AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13:00 CET on august 27 2019.

Bulten is one of the leading suppliers of fasteners to the international automotive industry. The company’s product range includes everything from customer-specific standard products to customized special fasteners. The company also provides technical development, line-feeding, logistics, material and production expertise. Bulten offers a Full Service Provider concept or parts thereof. The company was founded in 1873, has some 1,400 employees in eight countries and head office in Gothenburg. The share (BULTEN) is listed on Nasdaq Stockholm. More information can be found at www.bulten.com.

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