Type
Merger/Acquisition
Country
Germany
Region
Baden-W├╝rttemberg; T├╝bingen;
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Other Manufacturing
32 - Other manufacturing

800 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2004
Employment effect (start)
Foreseen end date

Description

KaVo Dental, the German dental products provider, has announced plans to cut up to 800 jobs in Germany, where it currently employs 2,200 people. KaVo said the cuts were necessary to keep the company viable in the future. KaVo (3,300 people worldwide) was taken over by US conglomerate Danaher in March and it seems that the new parent group is behind the measures. The planned restructuring of the company will see its four areas of operations being merged into three. 330 jobs will be cut as a direct result of this, followed by a further 275 production jobs by 2007. 60 of the company's service staff such as gardeners and carpenters are also likely to lose their jobs. Staff, the unions and staff councils are outraged by the plans and have vowed to fight for their jobs.


Sources

  • 9 November 2004: KaVo Press release
  • 11 November 2004: Frankfurter Allgemeine

Citation

Eurofound (2004), KaVo Dental, Merger/Acquisition in Germany, factsheet number 60805, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60805.