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 25.9 - Manufacture of other fabricated metal products
120 jobs Number of planned job losses
Announcement Date
22 February 2017
Employment effect (start)
22 February 2017
Foreseen end date
31 December 2017
Description
German art casting company Strassacker announced to cut about 120 jobs in Süßen, Baden-Wurttemberg by the end of 2017. Especially employees from the serial production are affected. According to the company the cost reduction measure has become necessary due to the difficult economic situation. Especially the demand for grave decorations has been decreasing.
The German Metalworkers’ Union and the works’ council criticised the plan, arguing that the management has no concept for the future of the company. Management want to implement the job cuts as socially acceptable as possible.
Currently 450 employees are working at the company's site in Süßen.
Sources
22 February 2017: Stuttgarter Nachrichten
22 March 2017: Göppinger Kreisnachrichten
Citation
Eurofound (2017), Strassacker , Internal restructuring in Germany, factsheet number 90387, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90387.
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