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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
200 jobs Number of planned job losses
Announcement Date
2 April 2009
Employment effect (start)
2 April 2009
Foreseen end date
Description
The producer of car parts Schumag is to cut 200 jobs in Germany. The company highlighted that short-time work was not enough to bridge the lasting decline in sales. Therefore, job cuts were considered necessary. Schumag employs 660 employees at the affected unit. The management of Schumag announced that the job reduction scheme will be negotiated with the works council in the near future. As of 2 April 2009, there is no information on exactly when the job losses will be implemented by.
Sources
3 April 2009: Handelsblatt
Citation
Eurofound (2009), Schumag, Internal restructuring in Germany, factsheet number 68658, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68658.
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