Type
Internal restructuring
Country
Germany
Region
Bayern; Mittelfranken; N├╝rnberger Land
Location of affected unit(s)
Lauf an der Pegnitz
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Electrical Equipment
27.12 - Manufacture Of Electricity Distribution And Control Apparatus

155 - 255 jobs
Number of planned job losses
Job loss
Announcement Date
28 August 2023
Employment effect (start)
28 August 2023
Foreseen end date

Description

ABL, a German company specialised in electric mobility, has announced a total of 255 job cuts at its headquarters in Lauf an der Pegnitz.

The reason for the job cuts is an insolvency procedure under the company's own responsibility. This had become necessary because the market for charging stations for electric vehicles is oversaturated and because government subsidies for charging stations have decreased. As announced on 28 August 2023, the company is cutting 155 jobs for which a redundancy and social plan has been negotiated. In addition, 100 employees are leaving the company either at their own request or due to expiring employment contracts. In the future, ABL will employ around 300 people.

The independent family business ABL produces wallboxes and charging columns for private, semi-public and public use.


Sources

Citation

Eurofound (2023), ABL, Internal restructuring in Germany, factsheet number 200266, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200266.