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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.49 - Manufacture of other machine tools
120 jobs Number of planned job losses
Announcement Date
6 May 2013
Employment effect (start)
7 May 2013
Foreseen end date
Description
German engineering company Imo will cut 120 jobs in Gremsdorf (Bavaria) due to decreased turnover. Imo has been suffering from price pressure and overcapacities in the wind energy sector. The job cuts will be implemented in a socially acceptable way and affect production and administration. To date, there is no information on the timeline of the restructuring programme. The company has a total workforce of 650 people in Gremsdorf.
Sources
6 May 2013: Nordbayerische Nachrichten (online)
Citation
Eurofound (2013), Imo, Internal restructuring in Germany, factsheet number 75442, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75442.
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