GF Piping Systems announce cost trimming and restructuring measures amid crisis

03-Jun-09
GF Piping Systems business of Georg Fischer AG (Switzerland) has announced measures to streamline its organisation and boost its competitiveness amid global recession. At the Schaffhausen (Switzerland) location, the company's piping business will reduce headcount by 42. GF Piping Systems is adjusting capacity at its Schaffhausen location. The Swiss building technology activities are being pooled at the newly acquired firm JRG Gunzenhauser in Sissach. Further, GF Piping Systems is concentrating production at GF TPA in Italy at a single location in Busalla. The production sites, warehouse and administration in the Bologna area are being closed.
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