The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
150 - 200 jobs Number of planned job losses
Announcement Date
6 October 2020
Employment effect (start)
6 October 2020
Foreseen end date
Description
Automotive supplier PWO announced it will cut 150 to 200 jobs at its German sites, such as Oberkirch (Baden-Wurttemberg). PWO makes lightweight metal components for cars. The company wants to save €12 million in 2021. To realise this goal, the company initiated a voluntary redundancy programme by which it hopes to realise job reductions by the end of 2020. If this was not sufficient, the company already announced there would be dismissals due to operational reasons in 2021. At the end of 2019, PWO employed some 1,500 persons in Germany and around 3,200 people worldwide.
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