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 (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
New offshoring locations
Hungary
115 jobs Number of planned job losses
Announcement Date
18 December 2004
Employment effect (start)
Foreseen end date
Description
Half of the workforce (115 out of 237) will be shed at the automotive department of Hansa Metallwerke in Stuttgart. Part of the production will be relocated in Hungary, where the production costs are lower. 500 people are working on the site in Stuttgart.
Sources
18 December 2004: Stuttgarter Nachrichten
18 December 2004: Stuttgarter Zeitung
Citation
Eurofound (2004), Hansa Metallwerke AG, Offshoring/Delocalisation in Germany, factsheet number 60975, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60975.