SMG Werft

Type
Internal restructuring
Country
Germany
Region
Mecklenburg-Vorpommern; Mecklenburg-Vorpommern; Rostock, Kreisfreie Stadt
Location of affected unit(s)
Rostock
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30 - Manufacture of other transport equipment
30 - Manufacture of other transport equipment
58 - 140 jobs
Number of planned job losses
Job loss
Announcement Date
5 December 2008
Employment effect (start)
1 October 2008
Foreseen end date

Description

Rostcker SMG-Werft, which manufactures luxury yachts, is to lay off 58 employees in December. A further 82 jobs are threatened, bringing the total potential jobs losses to 140.

Citation

Eurofound (2008), SMG Werft, Internal restructuring in Germany, factsheet number 68125, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68125.