Glashütte Original

Type
Business expansion
Country
Germany
Region
Sachsen; Dresden; Sächsische Schweiz-Osterzgebirge
Location of affected unit(s)
Glashütte
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.5 - Manufacture of measuring testing instruments, clocks and watches
26.52 - Manufacture of watches and clocks
70 jobs
Number of planned job creations
Job creation
Announcement Date
26 September 2012
Employment effect (start)
26 September 2012
Foreseen end date
1 January 2013

Description

As announced on September 26, 2012, German manufacturer of luxury watches Glashütte will create 70 jobs until 2015 in Glashütte, Saxony.

In total, Glashütte employs 440 people. The company expects sales to increase, especially in China, North America and in the Middle East, so that Glashütte aims to double its production capacity.

Sources

  • 26 September 2012: Freie Presse

Citation

Eurofound (2012), Glashütte Original, Business expansion in Germany, factsheet number 74238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74238.