Hella Werkzeugbau

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Detmold; Paderborn
Location of affected unit(s)
Paderborn
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
220 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2006
Employment effect (start)
1 February 2006
Foreseen end date
30 June 2006

Description

Hella-Werkzeugbau, an automotive supplier that produces forms for car lights, will cut up to 220 of its 270 jobs. Competion is said to be fierce in the sector, with Hella-Werkzeugbau losing several million euro in 2005. Nothing was disclosed as to how the job losses were to be managed.

Sources

Citation

Eurofound (2006), Hella Werkzeugbau, Internal restructuring in Germany, factsheet number 62861, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62861.