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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.32 - Manufacture of other electronic and electric wires and cables
700 - 1,000 jobs Number of planned job losses
Announcement Date
21 October 2015
Employment effect (start)
21 October 2015
Foreseen end date
30 April 2016
Description
Kathrein, the German mobile communications aerial manufacturer, will shut down its plant in Nördlingen in April 2016. A total of 700 jobs will be lost. The first 200 jobs will be shed by the end of 2015, with the remaining job cuts coming into effect by the end of April 2016. According to the company's CEO, the closure is a result of an unexpected collapse in demand and current overcapacities leading to higher price pressures. In addition, the company will relocate its production to Romania, China and Mexico, where the production cost is lower than Germany. These plans are in addition to 300 jobs cuts at the company's headquarters in Rosenheim first announced in September 2015.
Kathrein was founded in 1919 and headquartered in Rosenheim. Currently, 9,000 employees are working for Kathrein worldwide.
Sources
21 October 2015: Augsburger Allgemeine Online
21 October 2015: Stern (online)
21 October 2015: Heise Online
20 October 2015: Kathrein Presse
Citation
Eurofound (2015), Kathrein, Closure in Germany, factsheet number 85253, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85253.
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