Type
Bankruptcy
Country
Germany
Region
Hessen; Darmstadt;
Location of affected unit(s)
Frankfurt-Hahn
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51.1 - Passenger air transport

120 jobs
Number of planned job losses
Job loss
Announcement Date
3 September 2013
Employment effect (start)
Foreseen end date

Description

On 3 September 2013, the broadcasting comapny SWR reported on the dismissal of 120 employees of airliner ACG Air Cargo. The company had already filed for insolvency in spring 2013. After talks with several potentials buyers/inverstors failed, ACG had to dismiss the remaining 120 staff.


Sources

  • 3 September 2013: SWR (Online)
  • 4 September 2013: Rhein-Zeitung (online)

Citation

Eurofound (2013), Air Cargo Germany (ACG), Bankruptcy in Germany, factsheet number 75818, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75818.