Tadano Demag and Tadano Faun have exited protective shield proceedings.
Tadano Demag and Tadano Faun entered the protecting shield proceedings in January 2021 so that the crane manufacturer could implement the operational restructuring measures, as HLPFI reported here. The restructuring plan was submitted to the Zweibrücken District Court on December 23.
Many of the operational restructuring measures defined in the plan have been initiated and implemented during the proceedings, and the business units will now return to regular operations. Tadano said that under the leadership of its ceo Jens Ennen, it will now continue to drive forward the implementation of the remaining restructuring measures.
Key measures of the restructure include a more efficient and strategic use of resources, for example through the centralisation of administration and sales, and the implementation of centres of excellence.
Ennen said: “We are pleased to be able to initiate the reorganisation of Tadano Demag and Tadano Faun within the framework of the protective shield proceedings so quickly and efficiently despite the high level of complexity.
“We are now strong and competitively positioned for the future: Due to the close integration of the sites in Lauf and Zweibrücken, we will be able to make the best possible use of their respective strengths in the future and serve the needs of our customers even better,” he added.