Bulten is eliminating 50 jobs as part of a restructuring program in its German unit “to adapt to current market conditions,” the company announced.

The planned reduction in Bergkamen, Germany, “refers to both white-collar and blue-collar employees, as well as temporary staff.”

Negotiations with relevant trade unions will begin immediately, the company stated.

The expected effect on earnings will be disclosed during the third quarter. Web: Bulten.com