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 (24 - 25) Manufacture of metals 25 - Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
150 jobs Number of planned job creations
Announcement Date
7 August 2010
Employment effect (start)
7 August 2010
Foreseen end date
31 December 2010
Description
On 7 August 2010 saw manufacturer Stihl announced it would create some 150 jobs in Germany by the end of 2010. The expansion comes after sales revenues increased by 14% in the first half of 2010 compared to the first half of 2009. The company employed 3,950 staff in Germany and a total of 10,851 employees worldwide at the end of last year.
Sources
7 August 2010: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2010), Stihl, Business expansion in Germany, factsheet number 70865, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70865.