The company - Toy manufacturer Haba cuts around 500 jobs
The ailing toy and furniture manufacturer Haba is cutting around 500 jobs. As part of a reorganization, the employees are to be offered a transfer company. This was announced by Mario Wilhelm, Managing Director of Haba Familygroup, on Tuesday. The transfer company will run for six months. Around 1000 people are to be employed at the headquarters of the traditional company in Bad Rodach in Upper Franconia in the future.
Haba filed for insolvency under self-administration in September. The proceedings should be completed by the end of February, as the general representative Martin Mucha said. Haba hopes that this will enable it to receive numerous orders from local authorities again as soon as possible, which account for a large proportion of its turnover. Local authorities are required not to conclude contracts with insolvent companies.
The IG Metall trade union was generally satisfied with the solution. The transfer company had been achieved in the negotiations against Haba's original wishes, said Nicole Ehrsam, IG Metall representative in Coburg. Haba's management now has a great responsibility to lead the company back onto a stable path and regain trust.
On Friday, Haba announced that it would be divesting its production site for children's furniture in Eisleben in Saxony-Anhalt on January 1. The company wants to concentrate on high-quality toys and games to promote children's development.
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- Despite the downsizing, Haba intends to maintain its operations in Germany, with around 1000 employees at its headquarters in Bad Rodach.
- The news about the job cuts at Haba came specifically in the context of a crisis in the toy industry, which has been affected by changing consumer habits and increased competition.
- The reorganization at Haba includes a shift in focus towards producing high-quality toys and games, with the aim of promoting children's development.
- The metal industry in Germany, like the toy industry, has also been facing its own challenges, with some companies turning to downsizing and restructuring as a means of survival.
Source: www.stern.de
