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November 14, 2012
16:24 EDTXRMXerium to eliminate 'significant number of positions' at German factory
Xerium Technologies announced that it has initiated consultation proceedings with the works council at its Huyck Wangner forming fabric facility in Reutlingen, Germany regarding a proposal to eliminate a significant number of positions in an effort to continue to address the company's cost structure. Due to the nature of the proceedings with the local works council, the company is not able to provide an estimate of the anticipated restructuring expenses or costs savings at this time.
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