ThyssenKrupp Bilstein Suspension

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Arnsberg;
Location of affected unit(s)
Hagen, Olpe
Sector
Manufacturing
(24 - 25) Manufacture of metals
25.9 - Manufacture of other fabricated metal products
25.9 - Manufacture of other fabricated metal products
175 jobs
Number of planned job losses
Job loss
Announcement Date
25 October 2012
Employment effect (start)
25 October 2012
Foreseen end date

Description

As announced on October 25, 2012 ThyssenKrupp subsidiary ThyssenKrupp Bilstein Suspension will cut 175 jobs in Olpe and Hagen, North Rhine-Westphalia.

The measures are said to be necessary to avoid the disposal of ThyssenKrupp’s spring and buffer section. 65 people will be made redundant in Lütringhausen/Olpe, 110 in Hohenlimburg/Hagen. The company aims to avoid forced redundancies, but did not rule them out. Additionally, weekly working time will increase from 35 to 39.5 hours.

Sources

  • 25 October 2012: Siegener Zeitung (online)

Citation

Eurofound (2012), ThyssenKrupp Bilstein Suspension, Internal restructuring in Germany, factsheet number 74401, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74401.