Peguform

Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Freiburg; Breisgau-Hochschwarzwald
Location of affected unit(s)
Bötzingen
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
22 - Manufacture of rubber and plastic products
22 - Manufacture of rubber and plastic products
700 jobs
Number of planned job losses
Job loss
Announcement Date
15 July 2004
Employment effect (start)
15 July 2004
Foreseen end date
31 December 2004

Description

The sale of the insolvent Peguform automotive moulder involves a cut of 700 jobs, as well as pay reductions and longer working hours without extra pay for those who remain. 500 out of the 1,600 jobs in Bötzingen would go along with another 200 at the other six German sites. Peguform employs 12,000 people worldwide at sites in Brazil, Germany, Mexico and Spain.

Sources

  • 15 July 2004: Stuttgarter Zeitung

Citation

Eurofound (2004), Peguform, Internal restructuring in Germany, factsheet number 60572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60572.