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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.2 - Installation of industrial machinery and equipment
50 jobs Number of planned job losses
Announcement Date
18 August 2014
Employment effect (start)
18 August 2014
Foreseen end date
31 August 2014
Description
German machine constructor Möllers is to cut 50 out of 267 jobs. For the dismissed employees a transfer agency is going to be set up which will guarantee payments for one year. This is the result of long negotiations between management and works council. The reduction is going to be implemented by August 2014.
According to the company the job reduction is due to the weak development of the company.
Sources
18 August 2014: Die Glocke
Citation
Eurofound (2014), Möllers, Internal restructuring in Germany, factsheet number 77467, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77467.
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