Jahnel Kestermann

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Bochum-Wiemelhausen, Hattingen
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.15 - Manufacture of bearings, gears, gearing and driving elements
102 jobs
Number of planned job losses
Job loss
Announcement Date
21 November 2013
Employment effect (start)
26 November 2013
Foreseen end date

Description

Gear producer Jahnel Kestermann is to cut 102 jobs in Germany. Cuts are to affect mainly technical positions.

The measure is due to sluggish demand for wind turbines.

Since 2011, the company is owned by Korean Hyundai Heavy Industries. In total, it employs 219 staff in the area of Bochum.

Sources

  • 21 November 2013: WAZ (Online)

Citation

Eurofound (2013), Jahnel Kestermann, Internal restructuring in Germany, factsheet number 76227, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76227.