Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Administrative Services
Rental And Leasing Activities
Rental And Leasing Of Other Machinery, Equipment And Tangible Goods
77.3 - Rental and leasing of other machinery, equipment and tangible goods

100 jobs
Number of planned job losses
Job loss
Announcement Date
7 December 2004
Employment effect (start)
Foreseen end date

Description

A major restructuring programme is being implemented with the aim of reducing the overall scale and cost of the business to be more in line with current levels of market demand. Demand levels remain weak in Germany. The restructuring will result in the group reducing its depots network from 48 depots to 24, the rental fleet by 1,250 units, and the headcount by 100 employees.


Sources

  • 7 December 2004: FT.com

Citation

Eurofound (2004), Lavendon Group plc, Internal restructuring in Germany, factsheet number 60887, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60887.