Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Real Estate
Real Estate Activities
Real Estate Activities
68 - Real estate activities

400 jobs
Number of planned job losses
Job loss
Announcement Date
1 October 2008
Employment effect (start)
Foreseen end date

Description

On 1 October 2008, the real estate company, Deutsche Annington Immobilien GmbH (DAIG), which owns some 220.000 appartments in Germany, announced to cut 400 out of 1400 jobs. The company said the job cuts followed a restructuring of the work organisation. The company said that direct dismissals could not be excluded . As of October 2008, there is no information on when the job cuts will be implemented by.


Sources

  • 2 October 2008: Handelsblatt

Citation

Eurofound (2008), Deutsche Annington Immobilien (DAIG), Internal restructuring in Germany, factsheet number 67206, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67206.