Cologne, 21 May 2021. The management and the employees’ council of the Der Grüne Punkt Group have approved a redundancy plan, so as to upgrade the group’s competitiveness in a fiercely contested market. “After long, intense negotiations, we arrived at a fair and viable solution,” says Michael Wiener, CEO of Der Grüne Punkt. “The measures adopted will involve painful but unavoidable cuts. What I particularly regret is that we will have to part with long-serving employees who have over many years furthered our company’s interests with exceptional commitment.”
The group of companies will arrange for socially acceptable payroll downsizing, cutting about 50 jobs. The welfare partners agree that there is no alternative to corporate streamlining. “We are compelled to work on our cost structures, so that we remain capable of submitting attractively priced offers to our clients,” emphasizes Michael Wiener.
The measures adopted are essential prerequisites for making sure the company will be fit for future purpose and for securing the remaining jobs. “Der Grüne Punkt possesses a unique expertise in its chosen field, and we have channeled substantial capital investment into plastics recycling over recent years,” to quote Wiener. “Both the circular economy and climate protection create rising levels of demand for premium-quality recyclates. We are now putting in place the preconditions for future sustainable growth.”
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About the Der Grüne Punkt Group:
The companies of Der Grüne Punkt are service providers for extended producer responsibility, leading suppliers of secondary raw materials for plastics, and premium producers of plastic recyclates, and as such positioned as the premier solution providers for the needs of the circular economy. Der Grüne Punkt – Duales System Deutschland GmbH (DSD), with the Green Dot as its trademark, was among the companies to introduce and establish the dual system in Germany, and stands for intelligent take-back systems, plus the development and marketing of innovative recyclates and services. Systec Plastics, at its facilities in Eisfeld and Hörstel, produces premium-quality recyclates under the Systalen brand name for the international market. The companies are grouped together in DSD – Duales System Holding GmbH & Co. KG.