Type
Merger/Acquisition
Country
Germany
Region
Hessen; Darmstadt; Offenbach
Location of affected unit(s)
Kahl
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63079.