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. 28.13 - Manufacture of other pumps and compressors
100 jobs Number of planned job losses
Announcement Date
21 August 2014
Employment effect (start)
21 August 2014
Foreseen end date
Description
On 21 August 2014, German producer of cementation pumps Schwing announced to cut 100 jobs in Crange. As dismissals are ruled out until 2017 in the current labour agreement, this agreement will be changed in order to accommodate for the job reduction.
The company currently employs 609 people. Information concerning the end date of the restructuring is has yet to be made available.
Sources
19 August 2014: halloherne.de
21 August 2014: derwesten.de
Citation
Eurofound (2014), Schwing, Internal restructuring in Germany, factsheet number 77496, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77496.
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