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 - Manufacture of motor vehicles, trailers and semi-trailers
250 jobs Number of planned job losses
Announcement Date
19 January 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009
Description
German mobile home manufacturer Hymer, a leading manufacturer of leisure time vehicles, is to cut 350 out of 3,200 jobs worldwide. Out of these, 250 jobs will be cut in Germany. There is no information on where the remaining 100 jobs will be lost. Hymer holds affiliates in Italy, France and Switzerland. According to company information, the company will provide compensation and retirement schemes for job resigners, but also plans for direct dismissals.
According to chair Hermann Pfaff, the sector has never seen in such a crisis before. Sales declined by 18% in the first quarter of the running business year. Sales had been up to plus 5% in the first eigth months of the previous year.
Sources
19 January 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Hymer, Internal restructuring in Germany, factsheet number 67845, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67845.
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