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 27.90 - Manufacture of other electrical equipment
200 jobs Number of planned job losses
Announcement Date
7 December 2015
Employment effect (start)
7 December 2015
Foreseen end date
31 December 2016
Description
Drägerwerk, a German medical and security electronics manufacturer, will cut 200 out of 5,000 jobs at its headquarter in Lübeck by the end of 2016. According to the company, the restructuring is due to the company's weak performance in Brazil, the US and China. The job cuts will not affect employees working in the production or logistics units of the company.
Drägerwerk produces breathing and protection equipment, gas detection and analysis systems, and non-invasive patient monitoring technologies. The company was founded in 1889 and currently employes 13,500 staff across 190 countries. A total of 5,000 employees work at the company's headquarter in Lübeck.
Sources
7 December 2015: Handelsblatt online
7 December 2015: Frankfurter Allgemeine Online
Citation
Eurofound (2015), Drägerwerk, Internal restructuring in Germany, factsheet number 86008, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86008.
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