MTU Friedrichshafen

Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Tübingen; Bodenseekreis
Location of affected unit(s)
Friedrichshafen
Sector
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
500 jobs
Number of planned job losses
Job loss
Announcement Date
24 June 2005
Employment effect (start)
1 July 2005
Foreseen end date
31 December 2009

Description

MTU Friedrichshafen, a manufacturer of large diesel engines for ships and trains belonging to DaimlerChrysler, has announced that it is to cut 500 jobs. The remaining employees will loose parts of their christmas gratification or work 70 hours more per year. The measures are part of a cost-cutting programme that will save €154 million until the end of 2006. There will be no direct dismissals.

Sources

  • 24 June 2005: Financial Times Deutschland

Citation

Eurofound (2005), MTU Friedrichshafen, Internal restructuring in Germany, factsheet number 61794, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61794.