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GLG News by this Author
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
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International crisis affects plastics processing machinery
March 31, 2009
Plastics processing machinery is looking to lay off 10% of its 2,000 staff | www.vimay-group.com
Plastics processing machinery producer Krauss-Maffei is looking to lay off 10% of its 2,000 staff, with negotiations already underway with the works council in Munich. Krauss-Maffei’s communication manager told that the move has been necessary because of declining orders. The company is trying to reach voluntary agreements to cushion the effect on staff. The present situation is “not just a short decline, but a global change in the market and the tide is not going to turn this year – 2010 will also be a difficult year”. The job cuts follow the introduction of short-time working last Autumn, the extension of the works holiday at Christmas and also after “temporary staff had been sent home”, communication manager revealed.
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Global financial crisis does not stop PVC industry in Brazil
March 23, 2009
Brazil expects consumption to grow 5% in 2009 compared to 2008 | www.vimay-group.com
Latin America Markets are waiting for growth in PVC production under the international crisis. Despite the international financial crisis and weakening demand, Brazil’s PVC sector posted positive results in 2008, primarily as a result of the civil construction industry.
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SPAIN, the turnover of the industry began the year with the largest fall in its history.
March 23, 2009
Spain, Industry turn over | www.vimay-group.com
International crisis and the industry in Spain Largest industry fall in Spain Industry began the year with negative spectating
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The consequences of the international crisis and the high cost to the chief executive officers.
March 3, 2009
The consequences of the international crisis. | vimay-group.blogspot.com
The international crisis and its impact on the industries. The CEOs responsibilities. The crisis consequences.
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Stimulus will not be enough for 2009
March 3, 2009
US stimulus throws lifeline to construction | www.ft.com
The international crisis has retracted the entrepreneurs expectations. The global crisis plus the instability of the financial system plays against any stimulus. Financial markets today marked the trend of business.
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