Type
Bankruptcy
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Repair And Installation Of Machinery And Equipment
Repair And Installation Of Machinery And Equipment
33.2 - Installation of industrial machinery and equipment

172 jobs
Number of planned job losses
Job loss
Announcement Date
19 April 2013
Employment effect (start)
20 April 2013
Foreseen end date
30 April 2013

Description

German engineering company Lingl will cut 172 jobs. In January, Lingl filed for financial shield proceedings, a new form of insolvency programme. Job cuts are to be implemented immediately. The company announced to offer the opportunity to be employed in an interim employment agency. In total, Lingl employs 550 people.


Sources

  • 19 April 2013: Augsburger Allgemeine (online)

Citation

Eurofound (2013), Lingl, Bankruptcy in Germany, factsheet number 75315, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75315.