Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
Ida-Oberstein, Prenzlau, Gütersloh
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

690 jobs
Number of planned job losses
Job loss
Announcement Date
3 August 2011
Employment effect (start)
Foreseen end date

Description

On 3 August 2011, car supplier Ymos filed for insolvency for six of its affiliates. 690 employees will lose their jobs (more than 300 in Ida-Oberstein and around 290 in Prenzlau). However, production is still running and the group hopes to sell off parts of the business. Furthermore, one site in Gütersloh with 60 employees will be closed and the production transferred to another location.


Sources

  • 3 August 2011: Handelsblatt

Citation

Eurofound (2011), Ymos, Bankruptcy in Germany, factsheet number 72267, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72267.