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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
300 jobs Number of planned job losses
Announcement Date
10 December 2004
Employment effect (start)
Foreseen end date
Description
Still Wagner, the forklift truck manufacturer, is planning to cut 300 out of 550 jobs at its Reutlingen site, as one of its production lines is to be transferred to its main German site in Hamburg. The remaining 250 employees at Reutlingen are to concentrate on the production on high-technology, high-lift trucks. Still Wagner saw turnover down by around 20 per cent at 104 million in 2003, and last showed an operating loss. The company belongs to the Still group, which, in turn, is owned by German engineering and industrial gases group Linde.
Sources
10 December 2004: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2004), Still Wagner, Relocation in Germany, factsheet number 60893, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60893.
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