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 29.3 - Manufacture of parts and accessories for motor vehicles
300 jobs Number of planned job losses
Announcement Date
27 July 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2005
Description
At Schefenacker AG, a supplier of vehicle rear mirrors, the workers' council, labour unions and management agreed on a new collective bargaining agreement for Schefenacker's German operations. The new agreement defers planned pay increases, introduces a more flexible arrangement of payroll procedures and reorganises the payment of vacation and Christmas holiday allowances. The agreement prevents the closure of the German operations at least until 2010. 300 jobs will be cut in a 'socially responsible' way.
Sources
27 July 2005: Press Release Schefenacker AG
Citation
Eurofound (2005), Schefenacker AG, Internal restructuring in Germany, factsheet number 62089, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62089.
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