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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
1,000 jobs Number of planned job losses
Announcement Date
5 November 2009
Employment effect (start)
5 November 2009
Foreseen end date
31 March 2010
Description
On 5 November 2009, the car manufacturer Daimler announced the cut of 1,000 jobs at its Mercedes Benz division due to a drop in sales.
The company's management and the works' council agreed to offer employees up to 50 years old to leave the company in Germany (redundancy payments, reduction of working time). Mercedes Benz currently employs a total of 45,000 employees in Germany. It is noteworthy that Daimler had concluded a works agreement which excludes forced redundancies until 2011.
Sources
5 November 2009: Handelsblatt
5 November 2009: Financial Times Deutschland
Citation
Eurofound (2009), Mercedes Benz, Internal restructuring in Germany, factsheet number 69809, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69809.
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