The management has now informed the workforce that around 200 jobs will be affected by the restructuring measures in the entire corporate group worldwide. The majority of these jobs will be at the German locations. Unfortunately, the Grenzach-Wyhlen site cannot be maintained under these circumstances and will be closed. Extensive restructuring measures are also unavoidable at the sites in Bietigheim-Bissingen and at the headquarters in Rastede in order to achieve the necessary savings. Negotiations are currently underway with the works councils at the individual sites in order to make the job cuts as socially acceptable as possible.
The management felt compelled to take this step due to a lack of capacity utilization. At the same time, numerous measures were taken to open up new business areas in other sectors. Lutz Neugebauer, CEO of the BA Group, commented: “Over the summer, we have already achieved remarkable results of new project approaches in the textile industry, the healthcare sector and other industries. Nevertheless, the new approaches cannot compensate for the massive decline in the aviation industry. In view of the market environment, the measures now taken are necessary to secure the remaining 430 jobs and to enable the company to achieve a successful long-term future. We are working closely with the works councils to create a solid basis for a good future for the company”.
In contrast to previous crises, the aviation industry is not expected to recover quickly from the Corona-related slump. Analysts and industry associations forecast that passenger numbers will not return to pre-corona levels before 2024.