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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 - 200 jobs Number of planned job losses
Announcement Date
12 March 2009
Employment effect (start)
12 March 2009
Foreseen end date
31 December 2009
Description
On 12 March 2009, the technology group Gea announced the loss of up to 200 jobs in Germany. On a worldwide scale, up to 1,900 jobs are however to be lost. Gea stated that overall up to 800 dismissals were to be made: 100 to 200 in Germany and another 600 outside Germany. The remaining job cuts are to be realised by not retaining temporary agency workers. Job cuts are part of a cost-saving programme worth around 134 million euro. Gea is specialised in mechanical engineering and employs 21,000 staff worldwide.
Sources
13 March 2009: Financial Times Deutschland
13 March 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Gea, Internal restructuring in Germany, factsheet number 68507, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68507.
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