Lely announces change in ownership and work force in Wolfenbüttel
Today Lely has informed its employees about its acquisition of the minority interest of Vermeer Corporation to obtain full ownership of the Wolfenbüttel factory. In addition, Lely announced at the occasion its intent to restructure the factory operations. As a result of challenging market circumstances and the need for a more efficient mode of operations, the ownership of the plant has changed and the size of its workforce will be adjusted in line with market demand.
Sept. 29, 2016
Press
