Drauz Nothelfer

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
511 jobs
Number of planned job losses
Job loss
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.

Sources

Citation

Eurofound (2005), Drauz Nothelfer, Internal restructuring in Germany, factsheet number 62131, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62131.