Type
Closure
Country
Germany
Region
Bayern; Oberbayern; M√ľnchen
Location of affected unit(s)
Munich
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

340 jobs
Number of planned job losses
Job loss
Announcement Date
21 June 2005
Employment effect (start)
31 December 2005
Foreseen end date
31 December 2005

Description

Swiss producer of metal parts for the automotive industry Georg Fischer has announced the closure of its factory in Munich. The production is to be relocated to factories in Austria, where efficiency is higher and costs are lower than in Germany. 340 employees are to lose their jobs, the management will enter negotiations with the employees' representatives and work out a redundancy programme.


Sources

  • 22 June 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Georg Fischer, Closure in Germany, factsheet number 61780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61780.