Leica Camera

Type
Internal restructuring
Country
Germany
Region
Hessen; Gießen; Lahn-Dill-Kreis
Location of affected unit(s)
Wetzlar
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.7 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
26.7 - Manufacture of optical instruments, magnetic and optical media and photographic equipment
100 jobs
Number of planned job losses
Job loss
40 jobs
Number of planned job creations
Job creation
Announcement Date
2 July 2019
Employment effect (start)
17 June 2019
Foreseen end date

Description

The German camera manufacturer Leica will be cutting 100 jobs at its headquarters in Wetzlar due to internal restructuring. Cuts will mainly take place in development and marketing. The job reduction is part of a major restructuring, with the goal to focus more digitalisation, including computational imaging. Therefore, the company intends to invest in the recruitment of 40 digital experts. Management announced that the job reduction will be as socially acceptable as possible. However, an exact timeframe and more details regarding the reduction have yet to be announced.

Currently, Leica has 800 employees in Wetzlar.

Sources

  • 2 July 2019: Frankfurter Rundschau (online) (www.fr.de)

Citation

Eurofound (2019), Leica Camera, Internal restructuring in Germany, factsheet number 98159, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98159.