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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
120 jobs Number of planned job losses
Announcement Date
7 August 2007
Employment effect (start)
7 August 2007
Foreseen end date
7 February 2008
Description
120 job losses have been announced at light alloy wheel manufacturer BBS after the firm were taken over by Belgian group Punch International NV. The acquisition followed BBS’ application for insolvency in February 2007. Punch International has stated that 480 of the 600 employees at BBS’ plant will remain in their jobs, and has also stated that the 120 without jobs will be moved to a transfer company offering training opportunities and will be given assistance in job searches for six months. BBS has also been renamed to BBS International GmbH.
Sources
8 August 2007: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2007), BBS International, Merger/Acquisition in Germany, factsheet number 65680, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65680.
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