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
330 jobs Number of planned job losses
Announcement Date
3 December 2021
Employment effect (start)
3 December 2021
Foreseen end date
31 July 2023
Description
At the beginning of December 2021, automotive supplier Schaeffler announced to close down its site in Luckenwalde (Brandenburg) by July 2023 and 330 workers will lose their jobs. The plant in Luckenwalde produces parts for combustion vehicles for the automotive industry and Schaeffler is increasingly focusing its automotive division on electric drives.
The company had looked for a new investor, but negotiations with potential buyers and employee representatives failed in the end. Following the failed investment negotiations, Schaeffler announced to take up negotiations on job cuts with employees representatives. Job cuts will be realised in a socially acceptable manner.
Eurofound (2021), Schaeffler, Closure in Germany, factsheet number 106083, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106083.
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