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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.2 - Installation of industrial machinery and equipment
145 jobs Number of planned job losses
Announcement Date
14 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 January 2006
Description
Stotz-Kontakt, a daughter company of ABB, will cut 145 out of 1,500 jobs. Stotz's general manager said that the company was in danger of losing its competitiveness. Administrative jobs as well as jobs in distribution and production are to go. Stotz is also planning to transfer production from Spain to Germany. Stotz will try to avoid direct dismissals.
Sources
15 October 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Stotz-Kontakt, Internal restructuring in Germany, factsheet number 62447, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62447.
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