Restructuring events
European Restructuring Monitor (ERM)
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.
The American tyre manufacturer Goodyear has announced the reduction of 550 jobs at its plant in Fulda, Hesse. The reason given for the job cuts was to reduce structural costs in order to increase competitiveness. In addition, according to the company, falling demand in the car market and high inflation contributed to this decision. As a result, the capacity of the plant in Fulda is to be reduced by the end of 2024 and the management levels of the plants in Fulda and Hanau are to be merged. More than 1000 jobs have already been cut at the Fulda and Hanau sites in 2019. Alexander Wiesbach of the IGBCE trade union said they would not accept the plans and has stated they would try to find alternative solutions in the negotiations to reduce the number of job cuts.
Goodyear Dunlop is one of the largest tyre manufacturers in Germany and employs over 5,000 people. Worldwide, it has 72,000 employees at 55 locations in 23 countries. The company's brands include Goodyear, Dunlop and Fulda tyres.
Update 15/11/2023
In November 2023, Goodyear announced further cost-saving measures, also affecting the site in Fulda. According to the latest news, the plant in Fulda will be closed by the end of the third quarter of 2025 with 1,050 employees losing their jobs.
Updated, 21/11/2024
The company recently released a timeline for the closure of its plant in Fulda. Production will be gradually scaled down until the plant is fully closed on 30 September 2025. The job cuts will reach a total of 1,000 positions with the closure. At its German headquarters in Hanau, the company plans to cut 200 administrative positions. We therefore record 1200 jobs losses between Fulda and Hanau.
Eurofound (2023), Goodyear Germany, Closure in Germany, factsheet number 109211, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109211.
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