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. 28.92 - Manufacture of machinery for mining, quarrying and construction
400 jobs Number of planned job creations
Announcement Date
27 November 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2015
Description
Car producer Opel is to create 400 jobs at its plant in Eisenach in 2015. CEO Thomas Neumann announced to reintroduce a third shift in the shift work schedule which will require additional work force.
In Eisenach, where currently 1,600 people work, Opel produces its car models Adam and Corsa. Corsa is the most important car model for Opel and constitutes a quarter of sales quantity.
Opel has had lots of problems in the past years due to decreasing sales and high losses. This lead to several restructurings, starting with the dismissal of around 9,000 people in several EU countries in 2010, a further reduction of 3,400 jobs in 2011 and several measures in 2012 and 2013 (see FS 08/2012, FS 10/2012, and FS 08/2013). The company’s plant in Bochum is going to be shut down by the end of 2015 (see FS 10/2014).
Sources
27 November 2014: autohaus.de
27 November 2014: Westfälisch Allgemeine Zeitung Online
Citation
Eurofound (2014), Opel, Business expansion in Germany, factsheet number 77964, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77964.
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