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. 28.94 - Manufacture of machinery for textile, apparel and leather production
125 jobs Number of planned job losses
Announcement Date
17 July 2014
Employment effect (start)
17 July 2014
Foreseen end date
Description
Stoll, a German producer of flat knitting machines, is to cut 125 jobs at its two sites in Reutlingen. As announced on 17 July 2014, the company plans to open a new production site in China. The management intends to implement the job reduction in a socially acceptable manner and is to negotiate a social plan with trade unions and works council.
Currently, Stoll employs 580 people. In the past years, the company suffered from a sharp decline in orders.
Sources
17 July 2014: Reutlinger Generalanzeiger Online
6 August 2014: Reutlinger Generalanzeiger Online
Citation
Eurofound (2014), Stoll, Internal restructuring in Germany, factsheet number 77404, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77404.
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