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 Other Transport Equipment 30 - Manufacture of other transport equipment
800 jobs Number of planned job losses
Announcement Date
1 April 2003
Employment effect (start)
1 June 2003
Foreseen end date
Description
Due to the crisis in the tourism sector and particularly in the cruise liner market, the demand for new ships has been delayed. Meyer Werft is thereby affected and has to dismiss on average one third of its workforce. Some analysts fear that this could lead to a further job supression (800) in the region.
May 2003 a social plan has been negociated, and 593 jobs will be suppressed in three steps : in June, September and the beiginning of 2004. DeverTrans has been created to help some 484 persons to find a new job.
Eurofound (2003), Jos. L. Meyer, Internal restructuring in Germany, factsheet number 59526, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59526.
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