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.
500 jobs Number of planned job losses
Announcement Date
27 July 2009
Employment effect (start)
Foreseen end date
Description
On 27 July 2009, the forklift truck manufacturer Jungheinrich announced to cut 500 jobs at its production sites in Norderstedt and Moosburg. However, talks with the works council on the matter are still ongoing. Timelines for the job reduction are not yet finalised. The new job reduction scheme follows Jungheinrich's downsizing of 300 jobs at the beginning of the year. Job cuts are a reaction to the lasting decline in demand for the company's products. The company employed 4,884 employees in March 2009.
Sources
28 July 2009: Financial Times Deutschland
28 July 2009: Handelsblatt
Citation
Eurofound (2009), Jungheinrich, Internal restructuring in Germany, factsheet number 69335, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69335.
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