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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.3 - Manufacture of communication equipment
279 jobs Number of planned job losses
Announcement Date
14 August 2012
Employment effect (start)
8 October 2012
Foreseen end date
Description
German telephone manufacturer Gigaset had announced to cut 320 jobs in Germany. The affected sites are the Munich headquarters with a job reduction of 50 and a manufacturing plant in Bocholt with a job reduction of 270.
It is reported that the job cuts are due to the economic crisis in Europe and the severe financial losses the company has experienced. A timeline for the restructuring has yet to be announced.
UPDATE 08/10/2012: In October 2012, Gigaset stated that they have agreed with the Works Council 279 job cuts. Three quarters of the dismissals will affect the plant in Bocholt and the rest the headquarter in Munich.
Sources
8 October 2012: Handelsblatt
14 August 2012: Handelsblatt
Citation
Eurofound (2012), Gigaset, Internal restructuring in Germany, factsheet number 73985, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73985.
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