Danzas Euronet

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Transportation / Storage
Warehousing And Support Activities For Transportation, Postal And Courier Activities
Postal And Courier Activities
53 - Postal and courier activities
140 jobs
Number of planned job losses
Job loss
Announcement Date
8 December 2003
Employment effect (start)
1 January 2004
Foreseen end date

Description

For the first time in its history the Deutsche Post will proceed to direct dismissals, there is however a social plan for the personnel. In its subsidiary, Danzas Euronet, 140 drivers will loose their jobs at the beginning of 2004. This restructuring measure was made necessary by the loss of a big customer, Otto, but it also aims at reducing the overcapacity of the company.

Sources

  • 9 December 2003: Les Echos
  • 8 December 2003: Berliner Zeitung

Citation

Eurofound (2003), Danzas Euronet, Internal restructuring in Germany, factsheet number 59581, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59581.