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
30 March 2010
Employment effect (start)
1 April 2010
Foreseen end date
31 October 2010
Description
On 19 July 2010, the German manufacturer of printing machines Heideldruck announced to cut 500 jobs worldwide. In March 2010, Heideldruck had initally stated to cut up to 850 jobs. However, management and works' council agreed on a package of measures which will save costs. Whilst no details on the location of the affected sites were so far published, the restructuring programme is to take effect from 1 April 2010 and is to be completed by the end of October 2010. As of 30 June 2008, Heideldruck employed 19,737 employees worldwide.
It is the second wave of dismissals, after the company had announced a restructuring programme a year ago when Heideldruck cut 3,000 jobs in Germany (5,000 worldwide). The company was the first to receive public guarantees from the steering council of the German 'Economy Fund' (see factsheet 13683).
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