KSM Castings Group is cutting four hundred jobs in Germany in the coming months.
In addition, a new restructuring collective arrangement is to be negotiated with the IG Metall union for remaining workers.
However, all German web pages are to be retained. KSM Castings Group experienced used for a protective shielding procedure at the Hildesheim district court docket on two July, 2020.
“Though we are currently recording a quite very good purchase intake, we know this is mostly due to capture-up effects from the past corona lockdown,” reported KSM Castings CEO, Zhihua Zhu.
“The present income figures of the auto