Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

600 jobs
Number of planned job losses
Job loss
Announcement Date
12 February 2009
Employment effect (start)
Foreseen end date

Description

On 12 February, Hyva, the world market leader in the production of hydraulic cilinders for trucks and trailers, announced that it is to cut 600 jobs worldwide. The Netherlands-based company employs 2,400 people worldwide. The majority of the employees that will be dismissed have flexible contracts.


Sources

  • 13 February 2009: Het Financieele Dagblad

Citation

Eurofound (2009), Hyva, Internal restructuring in World, factsheet number 68154, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68154.