Loewe

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.4 - Manufacture of consumer electronics
26.40 - Manufacture of consumer electronics
150 jobs
Number of planned job losses
Job loss
Announcement Date
16 September 2013
Employment effect (start)
16 September 2013
Foreseen end date
1 October 2013

Description

As announced on 16 September 2013, Loewe, German producer of consumer electronics, will cut 150 jobs by the end of the month. This is due to cost savings. Loewe aims to cut jobs in socially acceptable way.

For information on previous restructuring cases see Loewe 2013 and Loewe 2012.

Sources

  • 17 September 2013: Handelsblatt
  • 16 September 2013: Loewe (Press Release)
  • 17 September 2013: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2013), Loewe, Internal restructuring in Germany, factsheet number 75904, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75904.