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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
150 jobs Number of planned job losses
Announcement Date
25 June 2004
Employment effect (start)
25 June 2004
Foreseen end date
Description
Stangl GmbH announced its plan to cut 150 jobs on the 1,100 employed by the company in Germany as well as in central and eastern Europe. This restructuring plan will affect the sites of Deggendorf (75 on the 450 employed on the site), Halle and Berlin. According to the management, the crisis in the German construction sector and the high costs made these measures unavoidable. A social plan has been set up and some workers will be relocated in other services.
Sources
29 June 2004: Passauer Neue Presse
28 June 2004: Stangl Press release
Citation
Eurofound (2004), Stangl, Internal restructuring in Germany, factsheet number 60583, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60583.
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