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Wiberg in turbulence: Cost reductions meet Salzburg employees!
Wiberg in Salzburg plans to cut costs under Nova button; Up to 20 employees could be affected. Social plan agreed.
Wiberg in turbulence: Cost reductions meet Salzburg employees!
In Salzburg there is currently a lot on the move at the NovaStaste group, which belongs to the French financial investor PAI. The announced cost reductions ensure uncertainty among employees. According to a report of the Salzburger news Could be the preliminary estimate of the employees concerned at the Salzburg location between 10 and 20. In total, Wiberg, the well -known spice brand, employs around 250 people in Salzburg and around 350 in Freilassing.
Despite the uncertainties, there are positive things to report: A social plan has been agreed with the works council in order to cushion the consequences of the planned changes as much as possible. Two years ago, Pai took over the spice business of the then Wiberg mother Frutarom for a proud 900 million euros. The strategy provides to bundle and optimize the worldwide spice business under the name Nova button in Salzburg.
Nova button: an emerging market leader
Nova button is now considered a global market leader in the taste. In a press report from Nova button the vision is outlined to revolutionize the way the world experiences food. The company serves over 11,000 customers, including well -known food manufacturers, butchers and restaurants in Europe, North America and Asia. With a comprehensive portfolio of renowned brands, which also includes Wiberg, Nova button provides solutions that significantly improve product quality.
The product range ranges from ingredients for meat, fish and dairy products to baked goods to plant -based foods. Nova button relies on global expertise and sustainable practices in taste development.
Changes through private equity
With the takeover by PAI, challenges that are closely linked to the Human Resources area (HR) also occur. According to an article by Mayer Brown Private equity investments in Germany must take several aspects into account in the area of HR. The co -determination rights of the employees who play an important role in corporate management are particularly important. Companies with more than 500 employees are obliged to have a supervisory board that a third of which must be filled with employee representatives.
It is also crucial to develop appealing strategies for binding managers and key employees. Due to the necessary restructuring after a purchase, collective contractual regulations can also come into force that can bring about costs and liability for companies. It is therefore important to deal with these topics at an early stage in order to secure the investments in the best possible way.
Overall, the future of Nova button and Wiberg will remain exciting despite the challenges. With clever strategies and a focus on quality, innovation and employee integration, the company could be well prepared in order to continue successfully in hard competition.