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
370 jobs Number of planned job losses
Announcement Date
22 November 2005
Employment effect (start)
31 December 2006
Foreseen end date
31 December 2006
Description
Continental, a producer of tyres and automotive technology, announced on 22 November 2005 the end of the car tyre production at its plant in Hannover. According to Continental, Hannover is the smallest and most expensive of its car tyre plants. With demand growing less strongly than expected and overcapacity building up, the management had no choice but to close the Hannover plant, it was reported. Just a few months ago, workers had accepted longer working hours in order to save their jobs. Trade union IG BCE has announced resistance to Continental's plans. On 06 December 2006, it was announced that the management of Continental and its works' council concluded a social plan. The social plan specifies that altogether 370 jobs will be lost, 320 jobs as mentioned before at the plant in Hannover.
Sources
23 November 2005: Frankfurter Allgemeine Zeitung
7 December 2006: Handelsblatt
Citation
Eurofound (2005), Continental AG, Closure in Germany, factsheet number 62543, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62543.
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