Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Detmold; Paderborn
Location of affected unit(s)
Paderborn
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

220 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2006
Employment effect (start)
1 February 2006
Foreseen end date
30 June 2006

Description

Hella-Werkzeugbau, an automotive supplier that produces forms for car lights, will cut up to 220 of its 270 jobs. Competion is said to be fierce in the sector, with Hella-Werkzeugbau losing several million euro in 2005. Nothing was disclosed as to how the job losses were to be managed.


Sources

  • 10 January 2006: Kölner Stadt-Anzeiger
  • : (www.ksta.de)

Citation

Eurofound (2006), Hella Werkzeugbau, Internal restructuring in Germany, factsheet number 62861, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62861.