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 Other Transport Equipment 30 - Manufacture of other transport equipment
300 jobs Number of planned job creations
Announcement Date
9 October 2006
Employment effect (start)
1 November 2006
Foreseen end date
31 December 2010
Description
After aqcuiring the majority share in Bavarian-based aerospace and machine tool manufacturer Burkhart Grob, the Swiss-based business aviation company Executive Jet Investment announced its plans to triple Grob's German aircraft manufacturing workforce within the next four years. Grob currently employs 150 people at its Bavarian plant and in face of Grob's successful sales figures (jets for companies and private use), 450 jobs shall exist until 2010.
Grob employs a workforce of 3,000 worldwide, mostly in machine tool manufacturing. The machine tool manifacturing division is not expected to experience this growth.
Sources
10 October 2006: Financial Times Deutschland
10 October 2006: Frankfurter Allgemeine Zeitung
10 October 2006: Handelsblatt
Citation
Eurofound (2006), Burkhart Grob Luft- und Raumfahrt GmbH, Business expansion in Germany, factsheet number 64251, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64251.
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