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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
300 jobs Number of planned job losses
Announcement Date
11 April 2019
Employment effect (start)
11 April 2019
Foreseen end date
31 December 2019
Description
The German automotive supplier Mann+Hummel will be cutting up to 300 jobs in Germany due to internal restructuring in 2019. The job reduction is part of a worldwide restructuring programme with the goal to save €60 million in order to be competitive in the long-term. This will include the loss of 1,200 jobs worldwide. According to the management, production is not affected. Management and works council have just started negotiations on a social plan and are confident to find a solution soon. Currently, Mann+Hummel has 20,000 employees worldwide.
Eurofound (2019), Mann+Hummel, Internal restructuring in Germany, factsheet number 97595, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97595.
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