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 (28) Manufacture of machinery and equipment 28 - Manufacture of machinery and equipment n.e.c. 28 - Manufacture of machinery and equipment n.e.c.
New offshoring locations
Slovenia, Turkey
280 jobs Number of planned job losses
Announcement Date
1 March 2024
Employment effect (start)
1 March 2024
Foreseen end date
31 December 2024
Description
As announced on 1 March 2024, the German construction machinery manufacturer Putzmeister plans to close two of its plants in Germany, one in Gründau (Hesse) and one in Heimertingen (Bavaria), by the end of 2024. A total of 280 employees will be affected.
The company intends to relocate operations to its sites in Turkey and Slovenia. The reasons cited include structural changes in the market and customer behaviour, as well as energy and production costs.
Putzmeister employs 3,300 people worldwide, around 1,100 of whom are based in Germany. It has been part of the Chinese company Sany since 2012.
Eurofound (2024), Putzmeister, Offshoring/Delocalisation in Germany, factsheet number 203390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203390.
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