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.
290 jobs Number of planned job losses
Announcement Date
8 July 2009
Employment effect (start)
8 July 2009
Foreseen end date
31 December 2009
Description
On 8 July 2009, König & Bauer, a firm that manufactures printing presses, reported on its current restructuring programme. While the company had already announced job cuts in spring 2009, it now clarified that around 700 out of 3,500 employees had left the company. Amongst them was 400 staff at its site in Radebeul (Saxony). At the latter site, job downsizing is to be continued. By the end of 2009, employee numbers are to drop from the current 1,700 to 1,410 staff. Further job cuts are planned at other sites and other segments of the company. However, detailed numbers were so far not released. The management board announced the release of further information after its talks with employee representatives and unions.
Sources
9 July 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), König & Bauer, Internal restructuring in Germany, factsheet number 69267, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69267.
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