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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
100 jobs Number of planned job losses
Announcement Date
19 July 2012
Employment effect (start)
1 March 2013
Foreseen end date
Description
Automotive supplier Pierburg Deutschland, a manufacturer of magnetic valves, announced the intention to merge and restructure its two production plants in Neuss and Nettetal (both North Rhine-Westphalia) leading to 100 job losses.
It is reported that the restructuring will strengthen research and development, as well as save costs and improve Pierburg's global market position.
The plans comprise the closure of the Nettetal plant and the relocation of the Neuss plant to a new location. There will also be set up a centre of excellence, which will be located at a new premise in Neuss, opening in 2014.
Sources
19 July 2012: NGZ online
Citation
Eurofound (2012), Pierburg, Internal restructuring in Germany, factsheet number 73982, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73982.
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