Getrag

Type
Internal restructuring
Country
Sweden
Region
Östra Sverige; Östra Mellansverige; Västmanlands län
Location of affected unit(s)
Köping
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
182 jobs
Number of planned job losses
Job loss
Announcement Date
26 June 2006
Employment effect (start)
Foreseen end date

Description

The car component producer Getrag will cut 182 out of 1086 jobs at its plant in Köping as result of a decrease in orders, the harder business environment and the increased competition in the car industry. The CEO of the company, Uli Dilling, declared that the redundancy plan was necessary as the new products will not be put on the market before 2007.

Sources

  • 26 June 2006: Sveriges Radio
  • 26 June 2006: Dagens Arbete

Citation

Eurofound (2006), Getrag, Internal restructuring in Sweden, factsheet number 63705, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63705.