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 Furniture And Other Manufacturing Other Manufacturing 32.4 - Manufacture of games and toys
166 jobs Number of planned job losses
Announcement Date
24 August 2009
Employment effect (start)
2 March 2009
Foreseen end date
Description
Model railway set manufacturer Märklin announced that it is to cut 166 jobs out of 651 jobs in Göppingen, Germany. This restructuring process is part of an EU wide restructuring. First news of job cuts occurred in March 2009 when the preliminary insolvency administrator Pluta was named to take over the case. Back in March, talks with the works' council were to be held. The August news confirms that restructuring at Märklin is being realised. Details on the employment effect timeline are not available as of December 2009.
Sources
24 August 2009: Handelsblatt
18 March 2009: Financial Times Deutschland
Citation
Eurofound (2009), Märklin, Bankruptcy in Germany, factsheet number 69977, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69977.
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