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
126 jobs Number of planned job losses
Announcement Date
12 August 2014
Employment effect (start)
12 August 2014
Foreseen end date
12 August 2016
Description
On 12 August 2014, German manufacturer of turbo machines MAN Diesel & Turbo announced its plan to cut 126 jobs in Oberhausen within the next two years. The management excluded operational dismissals and wants to implement the job reduction on a voluntary basis by early and partial retirement as well as severance payment. Currently, the company employs around 2,000 people.
MAN Diesel & Turbo suffers from the weak order situation resulting from Germany’s exit from nuclear and fossil-fuel energy, declining investments and tough competition. The works council was displeased and complained that the decision was made without consulting the works council.
Sources
12 August 2014: Der Westen
Citation
Eurofound (2014), MAN Diesel & Turbo, Internal restructuring in Germany, factsheet number 77444, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77444.
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