Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Schwing to Cut Jobs Ahead of Sale to XCMG, FT Deutschland Says

April 12 (Bloomberg) -- Schwing GmbH, a German maker of construction machinery, is cutting more than a fifth of jobs at its headquarters in Herne ahead of the company’s sale, Financial Times Deutschland said, citing Eva Kerkemeier of the IG Metall union.

The elimination of 170 jobs from 800 in Herne was probably a pre-condition to the sale, Kerkemeier said, according to the German newspaper. China’s XCMG Construction Machinery Co. has agreed to buy Schwing, FTD said, citing unidentified people from the financial industry and the manufacturer.

Workers will get 600 euros ($788) per year they were employed by the company, FTD said

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at

To contact the editor responsible for this story: Benedikt Kammel at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.