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Jenoptik Laser Plans to Lay Off 38

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JENA, Germany, Dec. 17, 2015 — Jenoptik Laser GmbH plans to cut 38 full-time jobs in the new year, citing "new market requirements." "We anticipate a protracted period of consolidation in the laser industry," said Managing Director Wolfgang Keller. "The global market for lasers remains under considerable pressure. We cannot offset our decline in earnings in such a short timeframe with the measures currently in place to increase productivity and efficiency." The company said management will consult with the facility's works council "to ensure the planned personnel adjustments are effected in a socially...Read full article

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    Published: December 2015
    BusinessEuropeGermanyJenoptikLasersWolfgang Keller

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