SKF

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Schweinfurt, Lüchow, Mülheim
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.15 - Manufacture of bearings, gears, gearing and driving elements
400 jobs
Number of planned job losses
Job loss
Announcement Date
13 June 2012
Employment effect (start)
13 June 2012
Foreseen end date
31 December 2016

Description

As announced on 13 June 2012, Swedish rolling-element bearing manufacturer SKF will cut 400 jobs in Germany. The decision is said to be based on the company's decreasing sales.

SKF implemented a cost reduction programme, which mainly affects German sites in Schweinfurt (Bavaria), Lüchow (Lower Saxony) and Mülheim (North Rhine-Westphalia). The company aims to avoid forced redundancies and will seek alternative measures to cut employment. 

In total, SKF employs 6,600 people in Germany, 4,400 of them in Schweinfurt, and about 45,000 people worldwide.

The job reduction plan is to be completed by the end of 2016.

Sources

  • 13 June 2012: SKF
  • 14 June 2012: Handelsblatt

Citation

Eurofound (2012), SKF, Internal restructuring in Germany, factsheet number 73746, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73746.