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.
515 - 965 jobs Number of planned job losses
Announcement Date
13 October 2009
Employment effect (start)
Foreseen end date
Description
Manroland, the German manufacturer of printing machines, will cut up to 965 jobs in 2009. 515 administrative jobs and up to 450 jobs in manufacturing will be cut this year. The latter will depend on the company's orders. FAZ quotes a works council representative who stated that 520 employees have already left the company in 2009 without direct dismissals. There is no reliable information on Manroland's economic situation. Whereas the works council claims that Manroland is doing well in managing the crisis, FAZ says that the company depends on monthly investments by private equity from Allianz Capital. Allianz Capital Partners, one of the leaders on the European private equity market, holds 65% of Manroland and 12% of Heidelberger Druckmaschinen, another German manufacturer of printing machines (14516). According to FAZ, Allianz pushes for the merger of the two companies, but negotiations failed in October 2009.
Sources
13 October 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Manroland, Internal restructuring in Germany, factsheet number 69694, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69694.
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