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 Other Transport Equipment 30 - Manufacture of other transport equipment
100 - 400 jobs Number of planned job losses
Announcement Date
4 December 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009
Description
Lohr Industrie, the French manufacturer of car transporter trailers and of trains and rolling stock , has announced plans to axe the jobs of 100 of its 1,200 employees in Duppigheim in east of France (Bas-Rhin) in response to a sharp fall in order numbers. The decision follows uncertainty about the future and the risks that some contracts were not signed. The company could also be forced to make a further 300 job cuts if it fails to secure a large order by the end of the year.
CEO Robert Lohr said the company will implement temporary closures in an attempt to combat the impact of declining activity, and has asked that senior managers take a pay cut of 10 per cent.
Eurofound (2008), Lohr Industrie, Internal restructuring in France, factsheet number 67592, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67592.
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