Internal restructuring
Location of affected unit(s)
Nordenham, Augsburg, Varel, Bremen
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30.3 - Manufacture of air and spacecraft and related machinery

2,800 jobs
Number of planned job losses
Job loss
Announcement Date
6 July 2020
Employment effect (start)
6 July 2020
Foreseen end date
31 December 2021


Premium Aerotec, an affiliate of aircraft manufacturer Airbus, announced it plans to cut around 2,800 jobs in Germany by the end of 2021. Some 1,000 employee at its Bavarian site in Augsburg are affected by this step as well as 1,100 in Nordenham, 540 in Varel and 160 employees in Bremen. This step follows the parent company's announcement  that it will cut over 3,000 jobs in Germany. The management has taken up negotiations with the works' council and a social plan needs to be developed. The company suffers from the losses in the aircraft industry due to the negative impact of the COVID-19 pandemic.



Eurofound (2020), Premium Aerotec, Internal restructuring in Germany, factsheet number 101222, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101222.