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. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
150 jobs Number of planned job losses
Announcement Date
29 April 2014
Employment effect (start)
29 April 2014
Foreseen end date
Description
German automotive supplier Autokühler is to cut 150 jobs at its site in Hofgeismar. As reported the job reduction measure envisages 108 direct dismissals and 42 job reductions by means of natural attrition and retirement and will affect mostly the production site as well as jobs in the administration and the thermotechnology department. The time-frame for the cost cutting measure is not yet available.
Sources
29 April 2014: Hessisch/Niedersächsische Allgemeine.de
Citation
Eurofound (2014), Autokühler, Internal restructuring in Germany, factsheet number 77015, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77015.
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