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
400 jobs Number of planned job losses
Announcement Date
31 July 2024
Employment effect (start)
1 September 2024
Foreseen end date
1 September 2025
Description
As announced on 31 July 2024, the German automotive supplier thyssenkrupp Automotive Body Solutions, specialized in car body construction, will be cutting 400 jobs in Germany due to internal restructuring.
The company states that it is responding to deteriorating competitive conditions in Germany (particularly due to new, low-cost competitors from Asia),and that aims to increase capacity at lower-cost locations outside of Germany. The structural realignment of the project business segment is intended to sustainably improve competitiveness and profitability and is expected to last until September 2025.
The main areas affected are the project business (a segment related to engineering) and, to a lesser extent, the service and administration area, especially at the Lockweiler and Burghaun sites.
Eurofound (2024), Thyssenkrupp Automotive Body Solutions, Internal restructuring in Germany, factsheet number 201548, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201548.
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