Assembléon adapts organization

Assembléon adapts her organization to become structurally profitable

Veldhoven (The Netherlands), October 1st, 2008

Due to the current slowdown in the global economy and the downturn in the SMT Pick & Place equipment market, Assembléon will adapt its organization while fully maintaining its service levels to customers. A structural cost reduction is part of the plan.
 
Assembléon expects to become structurally profitable as a fully capable global SMT Pick & Place equipment manufacturer, while maintaining its technology leadership. The company will be transformed into an effective and efficient business where customers, quality and price have top priority.
 
The proposed plans include a reduction of the global workforce from around 720 to 510 positions. Assembléon today has asked its Works Council for advice on the proposed decision to reduce the headcount in the Netherlands from around 390 to 255 positions. Assembléon wants to assist employees affected in finding new positions. Discussions with the social partners about this effort are ongoing.