Closure of TSTG Schienen Technik GmbH & Co KG

After the decision in March 2012 to close the rail production of TSTG Schienen Technik GmbH & Co KG in Duisburg, on February 4, 2013, the negotiations to reach a reconciliation of interests that had been in progress with the Works Council since that point in time were declared to have failed. Now the statutory steps will be taken and the arbitration committee called upon to take over negotiations. Irrespective of this development, a parallel process of discussions regarding a social plan will be held. The final closure will take place toward the end of the 2013 calendar year, depends on the execution of still remaining orders (regarding provisions formed for the closure, please see the chapter “Antitrust proceedings relative to railway superstructure material.”).

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