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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
511 jobs Number of planned job losses
Announcement Date
16 August 2005
Employment effect (start)
1 July 2004
Foreseen end date
31 December 2005
Description
Drauz Nothelfer, a toolmaker for the car industry and daughter of steel giant ThyssenKrupp, has negotiated a deal with trade union IG Metall that foresees the cutting of 511 jobs at 5 units in Germany. 226 of the jobs have already been cut, which leaves another 285 jobs to disappear until the end of 2005. There shall be 110 direct dismissals. In return for the cuts, the trade union received an employment guarantee for the rest of the staff until September 2009.
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