Singulus

Type
Merger/Acquisition
Country
Germany
Region
Bayern; Unterfranken; Aschaffenburg, Landkreis
Location of affected unit(s)
Kahl
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
200 jobs
Number of planned job losses
Job loss
Announcement Date
27 January 2006
Employment effect (start)
1 February 2006
Foreseen end date
31 December 2006

Description

Singulus, a producer of machines for the production of CD's, DVD's and the new generation of Blu-ray's and HD-DVD's, has taken over its competitor Steag and will cut 200 jobs as a consequence, realising synergy effects.

Sources

  • 27 January 2006: Sueddeutsche Zeitung

Citation

Eurofound (2006), Singulus, Merger/Acquisition in Germany, factsheet number 63079, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63079.