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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52 - Warehousing and support activities for transportation
350 jobs Number of planned job creations
Announcement Date
13 April 2005
Employment effect (start)
1 July 2006
Foreseen end date
Description
Volkswagen has started building its new logistics centre for spare parts serving Eastern Germany. Eastern Germany thus becomes independent from the logistics centre in Kassel. Volkswagen is investing €50 million; one fifth of that sum will come as subsidies from the state of Brandenburg. The 350 jobs will mainly be to the benefit of the unemployed in the region, said Brandenburg premier Platzeck in the Tagesspiegel.
Sources
14 April 2005: Tagesspiegel
Citation
Eurofound (2005), Volkswagen, Business expansion in Germany, factsheet number 61396, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61396.
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