Albany holds discussions on proposed restructuring of machine clothing operations in France, would reduce employment by 200 positions
ROCHESTER, NEW HAMPSHIRE, November 21, 2012-
Albany International Corp. (AIN) announced today that its subsidiary, Albany International France S.A.S., has initiated discussions with the employee Works Council regarding a proposal to restructure operations at the Company's Machine Clothing production facilities in Sélestat and St. Junien. The proposed restructuring would reduce employment by approximately 200 positions at these locations.
The proposal is driven by the previously reported continuing deterioration of Machine Clothing market conditions in Europe. The proposal aims to maintain operations in each location, but restructured in a manner that will improve competitiveness, increase efficiency, and promote the viability of these locations in the long term.
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