SEB Deutschland

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
300 jobs
Number of planned job losses
Job loss
Announcement Date
16 February 2004
Employment effect (start)
Foreseen end date
31 December 2004

Description

End 2003, there were some 3,700 persons employed by SEB in Germany. In order to improve profitability, some 300 jobs will be cut during the year 2004 but without direct dismissals according to a spokesman.

Sources

  • 16 February 2004: Financial Times Deutschland

Citation

Eurofound (2004), SEB Deutschland, Internal restructuring in Germany, factsheet number 59481, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59481.