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
New offshoring locations
Not Available
371 jobs Number of planned job losses
Announcement Date
13 November 2008
Employment effect (start)
13 November 2008
Foreseen end date
31 December 2012
Description
On 13 November 2008, Continental, a producer of tyres and automotive technology, announced to cut 371 jobs at its site in Babenhausen which currently employs 1,101 people. Jobs are to be lost in its production unit which manufactures speedometers. This move of Continental is to be completed by the end of 2012. A spokesperson of Continental stated that the company was to concentrate its production on high-tech products in Germany. Manufacturing of other products, such as those in Babenhausen, was to be transferred to low-wage countries.
Sources
13 November 2008: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2008), Continental, Offshoring/Delocalisation in Germany, factsheet number 67385, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67385.
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