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. 28.9 - Manufacture of other special-purpose machinery
New offshoring locations
Czechia
130 jobs Number of planned job losses
Announcement Date
10 March 2016
Employment effect (start)
10 March 2016
Foreseen end date
31 December 2017
Description
On 10 March 2015, injection molding machines manufacturer Ferromatik Milacron announced to cut 130 jobs at its site in Malterdingen. The job reduction affects workers in manufacturing as the company decided to move production to the Czech Republic. Other staff including employees in sales and will not be affected by this decision. Moving production from Germany to the Czech Republic is part of the management’s cost saving strategy with which Ferromatik Milacron wants to save some €35 million by 2017.
The company announced to enter negotiations with the works’ council and the German Metalworkers’ Union. It currently employs around 240 employees.
Sources
10 March 2016: Plastic News
10 March 2016: Badische Zeitung Online
Citation
Eurofound (2016), Ferromatik Milacron, Offshoring/Delocalisation in Germany, factsheet number 86818, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86818.
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