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
100 jobs Number of planned job losses
Announcement Date
2 November 2006
Employment effect (start)
Foreseen end date
Description
After acquiring the insolvent German company Engelmann Automotive, the German vehicle mirror specialist Schefenacker announced plans to cut 100 jobs at Engelmanns plants at Wedemark and Hattorf and to delocate part of the manufacturing to Hungary. According to current plans, the workforce at these two locations will be reduced to 120.
Before the insolvency and acquisition, Engelmann did employ a workforce 1000.
Sources
2 November 2006: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2006), Engelmann Automotive, Merger/Acquisition in Germany, factsheet number 64387, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64387.
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