Voith Slahes 1,600 Jobs Amid Worldwide Restructuring

What’s happening at Voith?

Voith is moving forward with a reduction of its global workforce by up to 1,600 jobs as part of a major restructuring effort. The consolidation, expected to be completed by the end of 2016, aims to streamline administrative functions and adjust capacity across multiple divisions, including Voith Paper.

Key details

• A total of 1,600 jobs will be cut worldwide.
• Voith Paper will see the largest impact, with 1,000 jobs being eliminated across multiple locations.
• Germany and Austria will bear the brunt of these cuts, with 800 positions affected in these countries alone.
• Voith’s restructuring also includes the closure of several key sites in Germany and Austria, and significant consolidation of remaining operations.

This restructuring of administrative activities will lead to the loss of 720 positions as Voith consolidates “standardizable” services across these regions.

Official statements

Voith’s CEO, Hubert Lienhard, emphasized the company’s shift toward bolstering its engineering expertise and embracing digital transformation: “We are taking decisive steps to improve our efficiency and position Voith as a competitive technology leader in the digital age.”

Impact in Canada

It remains unclear exactly how many Voith employees in Canada will lose their job as a result of this layoff.

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Lost Your Job? Get Help Now

📞 Contact Samfiru Tumarkin LLP: 1-855-821-5900 or request a consultation online.

Our experienced employment lawyers in Ontario, Alberta, and British Columbia (BC) have helped tens of thousands of non-unionized individuals resolve their workplace issues, including wrongful dismissals.

If you’ve lost your job at Voith for any reason, don’t panic. We can review your situation, assess your legal options, and help you secure the compensation you’re legally entitled to.

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