# hGears to reduce workforce and refocus Herzog GmbH

hGears Group announced a strategic reorientation at Herzog GmbH, reducing the motorcycle segment and cutting jobs from 500 to 350 by mid-2018. Over EUR 10 million will be invested in machinery at the Schramberg site over 36 months.

- Type: Closure
- Announced: 2017-01-11
- Where: Schramberg, Germany
- Value: $10.6M (10.0M EUR)
- Jobs: -150
- Status: announced
- Products: power tools, industrial applications, e-mobility components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [hGears](https://endata.com/companies/1373.md)
- [Herzog GmbH](https://endata.com/companies/16612.md)

## Sources

- [hgears.com](https://hgears.com/hgears-announces-strategic-reorientation-at-herzog-gmbh/), 2017-01-12: "The company will align its product portfolio even more clearly."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.