It could be a Skinny Puppy video but no this little terrifying gem comes from ERI Safety. You can even purchase videos like this for the low low price of just $495.00.
Still, not as amusing as this dark humor industrial film on safety hailing from Germany. At least I think its humor. Slow in the beginning but moments like 4:46 and 6:05 ooze blood colored Teutonic gory goodness.