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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.12 - Manufacture of doors and windows of metal
100 jobs Number of planned job losses
Announcement Date
27 April 2015
Employment effect (start)
27 April 2015
Foreseen end date
31 December 2015
Description
Schüco, German manufacturer of windows, doors and facades will cut 100 out of 750 jobs at its plant in Weißenfels in order to save costs. Schüco is also planning to convert its plastics department into a legally independent subsidiary at the beginning of 2016. The job reductions are to be implemented by not prolonging employment contracts and early retirement. Schüco currently employs 750 people at its Weißenfels plant. The company has ceased production in Haan last year which affected 150 employees. In the plastics department, Schüco has run a loss of 4 pc in 2014 which according to the company made the closure and further cost saving necessary.
Sources
27 April 2015: Neue Westfälische (online)
27 April 2015: NW.de
Citation
Eurofound (2015), Schüco, Internal restructuring in Germany, factsheet number 79846, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79846.
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