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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
330 - 400 jobs Number of planned job losses
Announcement Date
18 May 2004
Employment effect (start)
18 May 2004
Foreseen end date
Description
Deutz, the German engine manufacturer, is reported to be planning to cut between 150 and 500 jobs at its Mannheim plant, which manufactures large engines. The weak business with large engines led to this situation. The corporate press release published in May 2004 announced that 400 jobs could be shed. After negotiations within the companys works council, an agreement has been reached in November 2004 and fewer jobs will be shed. 330 will be axed whereof 180 on the site of Mannheim.
Sources
18 May 2004: Deutz Press release
18 May 2004: Handelsblatt
4 November 2004: Reuters
Citation
Eurofound (2004), Deutz, Internal restructuring in Germany, factsheet number 60410, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60410.
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