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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
160 jobs Number of planned job losses
Announcement Date
19 September 2017
Employment effect (start)
19 September 2017
Foreseen end date
19 September 2022
Description
On 19 September 2017, the German plastic and rubber material manufacturer Contitech Techno-Chemie, announced it will cut 160 jobs in Klein Karben over the next 5 years due to internal restructuring. Company representatives argue that job reductions are necessary due to a decrease in orders in the last years, which is expected to continue throughout the next years. The measures will make the factory in Klein Karben more competitive and sustainable for the future. Management, trade unions and the works council will start negotiating a social plan shortly.
Currently Contitech Techno-Chemie has 680 employees in Klein Karben and is part of the Continental group.
Sources
20 September 2017: Frankfurter Neue Presse (online)
19 September 2017: Oberhessische Presse (online)
Citation
Eurofound (2017), Contitech Techno-Chemie, Internal restructuring in Germany, factsheet number 92140, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92140.
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