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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
China
280 jobs Number of planned job losses
Announcement Date
15 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 December 2006
Description
Freudenberg, a conglomerate producing for the textile and car industry, announced in October 2005 to cut about every fifth job of its 2,100-strong workforce. Following negotiations between management and works council the number of job cuts is now set at 280. Both parties agreed on a social plan including the transfer of workers to a so called training agency (Trainings- und Qualifizierungsgesellschaft). Cost-cutting-measures were motivated by margin-pressures from clients in the automotive sector and the shift of textile production to Asia. Production will be transferred to China and Eastern Europe.
Sources
21 July 2006: Frankfurter Allgemeine Zeitung
15 October 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Freudenberg, Offshoring/Delocalisation in Germany, factsheet number 62445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62445.
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