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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
627 jobs Number of planned job losses
Announcement Date
4 December 2002
Employment effect (start)
1 December 2002
Foreseen end date
Description
In June 2002, the MAN Roland Group employed 10,610 persons. The total number of cost-effective employees (including third-party contractors, without trainees) was reduced by 218 people in the first half of 2002. Compared to 30 June 2001, the total number was reduced by 627 people. In March 2003, the company announced that further job cuts would be necessary.
Sources
20 November 2002: Frankfurter Allgemeine Zeitung
14 May 2003: Financial Times Deutschland
4 December 2002: Frankfurter Allgemeine Zeitung
3 December 2002: MAN Roland Press release
Citation
Eurofound (2002), MAN Roland AG, Internal restructuring in Germany, factsheet number 59270, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59270.
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