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. 28.1 - Manufacture of general-purpose machinery
100 jobs Number of planned job losses
Announcement Date
24 April 2018
Employment effect (start)
24 April 2018
Foreseen end date
Description
On 24 April 2018, the foundry Meuselwitz Guss announced the loss of 100 jobs in Meuselwitz due to internal restructuring. According to management, cuts are necessary since the company’s revenue decreased by 25% last year, which can only be absorbed by a job reduction in order to save the company’s future. The German Metalworkers’ Union (IG Metall) opposes these plans and questions the lack of alternatives as portrayed by the company’s management. In fact, IG Metall has accused the company’s management of extortion as the company mentions in its press release that job cuts might be avoided if employees were to waive wage increases in the upcoming bargaining round.
Currently, Meuselwitz Guss has 345 employees at its site in Meuselwitz.
Sources
24 April 2018: Thüringer Allgemeine (online)
24 April 2018: Leipziger Volkszeitung Online
Citation
Eurofound (2018), Meuselwitz Guss, Internal restructuring in Germany, factsheet number 93885, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93885.
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