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 29.1 - Manufacture of motor vehicles
1,390 jobs Number of planned job losses
Announcement Date
20 February 2009
Employment effect (start)
Foreseen end date
15 May 2009
Description
Karmann, a leading German manufacturer of convertibles, has announced the retreat from car manufacturing and a major internal restructuring progamme to cope with the lack of orders.
As of May 2009, the Osnabrück plant will be focused on development and roof manufacturing. Car manufacturing will be closed and the machine tool manufacturing division (750 jobs) is planned to be sold in 2009. As a result, 1,390 jobs (out of 3,290) will be cut at Osnabrück which will employ 1,150 after the restructuring.
Sources
20 February 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Karmann, Internal restructuring in Germany, factsheet number 68338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68338.
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