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.
650 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 650 jobs worldwide. Job cuts are mainly to affect its German sites in Norderstedt and Moosburg. Another 150 sales representatives will have to leave the company in and outside Germany. However, talks with the works council on the matter are still ongoing. Timelines for the job reduction are not yet finalised. Job cuts are attributed to the lasting decline in demand for the company's products. The company employed a global workforce of around 10,800 employees in March 2009.
Sources
28 July 2009: Financial Times Deutschland
28 July 2009: Handelsblatt
Citation
Eurofound (2009), Jungheinrich, Internal restructuring in World, factsheet number 69337, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69337.
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