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 29.2 - Manufacture Of Bodies (Coachwork) For Motor Vehicles; Manufacture Of Trailers And Semi-Trailers
1,600 jobs Number of planned job losses
Announcement Date
29 July 2024
Employment effect (start)
29 July 2024
Foreseen end date
Description
German automotive supplier Webasto has announced that it will cut about 1,600 jobs worldwide.
The company is to cease operations at the Gilching site in Germany, which provides Global Comfort Solutions and thermal system products. About 570 positions are expected to be transferred to the company’s headquarters in Stockdorf in the second half of 2025.
Under the restructuring programme, about 500 positions are to be cut in China as Webasto will close two of its nine Chinese production facilities.
The company declares that it wants to avoid direct layoffs, and the workforce is to be reduced through natural fluctuation, including early retirement programmes, voluntary dismissal programmes, flexible work arrangements and internal recruitment. For the German locations, no specific number of jobs to be reduced is provided by the company.
The restructuring programme has been implemented to improve profitability.
Webasto has more than 50 sites in North America, Europe and Asia. Currently, the company employs 16,600 people worldwide.
Eurofound (2024), Webasto, Internal restructuring in World, factsheet number 201492, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201492.
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