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SGL Group to cut 300 jobs under restructuring program

3:23 AM MST | December 11, 2013 | Natasha Alperowicz

SGL Group (Wiesbaden, Germany) has announced details of its restructuring plan involving up to 300 job cuts under the company’s SGL2015 plan. SGL cites losses caused by delays in the development and start up of its carbon fiber and composites business, among others. The restructuring focuses on streamlining management structures and the corporate and support functions. Approximately half of the job cuts will be in Germany. In total, 240 positions will go in Europe, 37 in North America and 16 in Asia. Spending in the fields of sales, general &...

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