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 Furniture And Other Manufacturing Other Manufacturing 32.4 - Manufacture of games and toys
400 jobs Number of planned job losses
Announcement Date
19 August 2004
Employment effect (start)
Foreseen end date
Description
Marklin, the German manufacturer of model railway sets, intends to cut up to 400 jobs, according to trade union IG Metall. A spokesperson for the union said yesterday that the company, which employs 1,161 people at its head office in Goppingen, is planning to reduce costs by 15%. A spokesperson for Marklin refused to reveal details of management's negotiations with the union and the works council, but admitted that his group has to reduce costs.
Sources
19 August 2004: Stuttgarter Zeitung
29 September 2004: Die Welt
28 September 2004: Märklin Press release
Citation
Eurofound (2004), Märklin, Internal restructuring in Germany, factsheet number 60568, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60568.
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