Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Belgium, France, Germany and UK
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

870 - 900 jobs
Number of planned job losses
Job loss
Announcement Date
1 December 2006
Employment effect (start)
1 December 2006
Foreseen end date
30 March 2007

Description

Wagon Automotive, the automobile equipment supplier, announced on 1 December 2006 that 870-900 jobs will be cut between December 2006 and March 2007 in Europe. In the EU, Wagon Automotive currently employs a total workforce of 7,800.

Wagon Automotive has confirmed the sale of five low-tonnage stamping plants in the UK, Germany, Belgium and France as a part of programme to integrate Oxford Automotive, which it acquired earlier this year, into its business.

The group will continue its internal restructuring programme to increase its competitiveness in Europe.

Between December 2006 and March 2007, the plan envisages the following job cuts: 581 in France, 166 in Fleurus in Belgium, 90 in Nagold in Germany and 35 in Brownhills in the UK.


Sources

  • 12 December 2006: La Tribune
  • 1 December 2006: L'Humanit√©
  • 1 December 2006: Ouest France
  • 1 December 2006: AFP

Citation

Eurofound (2006), Wagon Automotive, Internal restructuring in European Union, factsheet number 64593, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64593.