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 29.2 - Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers
European Globalisation Fund (EGF)
Year: 2009, Case number: 13
140 jobs Number of planned job losses
Announcement Date
16 January 2007
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2007
Description
Wilhelm Karmann, a family owned full service vehicle supplier specialised on open-top sports cars, will continue its job cutting measures in Germany. The company claims to be continuously affected by the sales figures of DaimlerChrysler's sports car Crossfire. Karmann did already reduce its German workforce by 400 employees in 2005 and a further 650 in 2006. On 16 January 2007 the company announced its plans to cut another 140 jobs in 2007. Workers will be transferred to a job creation company.
Sources
17 January 2007: Financial Times Deutschland
Citation
Eurofound (2007), Karmann, Internal restructuring in Germany, factsheet number 64801, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64801.
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