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
1,000 jobs Number of planned job losses
Announcement Date
27 November 2008
Employment effect (start)
1 December 2008
Foreseen end date
Description
The German company Draxlmaier, manufacturer of components for the automotive industry, announced the cut of 1,000 jobs of the existing 2,000 at the factory Rolem Codlea (Brasov county, Centre region). The group which operates in Romania with approximately 17,500 employees. The reason is the impact of worsening international economic environment which has led to anticipated production in 2009 falling to 60% of 2008 levels.
Sources
27 November 2008: Ziarul Financiar
Citation
Eurofound (2008), Draxlmaier, Internal restructuring in Romania, factsheet number 67501, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67501.
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