Schiess

Type
Internal restructuring
Country
Germany
Region
Sachsen-Anhalt; Sachsen-Anhalt; Salzlandkreis
Location of affected unit(s)
Aschersleben
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.4 - Manufacture of metal forming machinery and machine tools
28.4 - Manufacture of metal forming machinery and machine tools
155 jobs
Number of planned job losses
Job loss
Announcement Date
19 October 2012
Employment effect (start)
19 October 2012
Foreseen end date

Description

As announced on October 19, 2012 machine tool manufacturer Schiess will cut 155 jobs in Aschersleben, Germany. This is due to a decline in orders.

Schiess suffers from the current crisis in the shipbuilding and wind power industries.

In total, the company employs 375 people.

Sources

  • 19 October 2012: Mitteldeutsche Zeitung

Citation

Eurofound (2012), Schiess, Internal restructuring in Germany, factsheet number 74378, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74378.