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. 28.29 - Manufacture of other general-purpose machinery n.e.c.
150 jobs Number of planned job losses
Announcement Date
11 July 2019
Employment effect (start)
11 July 2019
Foreseen end date
31 December 2020
Description
The German manufacturer of appliances will cease the production of stainless-steel pots in Geislingen, which will result in the loss of 150 employees by the end of 2020. The job reduction is part of a larger restructuring programme, with the purpose to save €60 million in the next two and a half years and will result in the loss of about 400 jobs worldwide. According to management, the production of stainless-steel pots will be relocated to other production sites in Europe. Further information on the job reduction has yet to be published.
11 July 2019: Süd West Presse (Online) (www.swp.de)
Citation
Eurofound (2019), WMF, Internal restructuring in Germany, factsheet number 98165, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98165.
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