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 (24 - 25) Manufacture of metals 25 - Manufacture of fabricated metal products, except machinery and equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
300 jobs Number of planned job losses
Announcement Date
7 May 2003
Employment effect (start)
1 May 2003
Foreseen end date
1 December 2003
Description
A restrictive personnel policy became necessary at Krones due to the challenges anticipated over next few years and due to the introduction of measures for improving processes and increasing productivity.
Krones expects that the workforce worldwide will fall by approximately 300 units by the end of 2003.
Sources
7 May 2003: Krones - Press release
8 May 2003: Financial Times Deutschland
Citation
Eurofound (2003), Krones, Internal restructuring in World, factsheet number 59883, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59883.