Eberspächer

Type
Internal restructuring
Country
Germany
Region
Rheinland-Pfalz; Koblenz; Westerwaldkreis
Location of affected unit(s)
Neunkirchen
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
500 jobs
Number of planned job losses
Job loss
Announcement Date
20 May 2014
Employment effect (start)
20 May 2014
Foreseen end date
31 December 2016

Description

German automotive supplier Eberspächer group is to cut up to 500 jobs by the end of 2016 at its exhaust technology production plant in Neunkirchen. As reported the cost cutting measure aims to improve the competitiveness of the site. According to the sources forced redundancies will be possibly avoided but are not ruled out.  

Sources

  • 21 May 2014: Handelsblatt
  • 20 May 2014: T-online.de
  • 21 May 2014: Stuttgarter Zeitung
  • 20 May 2014: Eberspächer (Press Release)

Citation

Eurofound (2014), Eberspächer, Internal restructuring in Germany, factsheet number 77065, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77065.