Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Stuttgart; Böblingen
Location of affected unit(s)
Böblingen
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles

590 jobs
Number of planned job losses
Job loss
Announcement Date
11 May 2005
Employment effect (start)
12 May 2005
Foreseen end date
31 December 2005

Description

Smart, a producer of small cars belonging to DaimlerChrysler, is to be reintegrated into the mother company in order to cut administration costs. The affected staff, close to 600, are to be transferred to other vacant positions within DaimlerChrysler.


Sources

  • 12 May 2005: Handelsblatt

Citation

Eurofound (2005), Smart, Internal restructuring in Germany, factsheet number 61560, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61560.