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. 28.22 - Manufacture of lifting and handling equipment
160 jobs Number of planned job losses
Announcement Date
16 March 2016
Employment effect (start)
16 March 2016
Foreseen end date
Description
On 16 March 2016, Terex MHPS, producer of industrial mobile cranes, announced plans to cut some 160 jobs throughout Germany. According to the company, job cuts are due to the issues of global demand. Cost savings will affect plants in Wetter, Uslar, Düsseldorf and Würzburg. According to the management, redundancies will enhance the company's efficiency as well as its delivery time.
Employee representatives have been complaining about a lack of alternatives to these dismissals as well as an unfair course of action taken by the company. Terex MHPS (formerly Demag Cranes AG), headquartered in Düsseldorf, currently employs 5,711 employees.
Sources
16 March 2016: Der Westen (online)
27 April 2016: Radio Ennepe Ruhr
Citation
Eurofound (2016), Terex MHPS, Internal restructuring in Germany, factsheet number 87378, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87378.
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