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
345 jobs Number of planned job losses
Announcement Date
22 January 2009
Employment effect (start)
Foreseen end date
Description
Getrag, a German manufacturer of gars, is to cut 215 jobs at the Ludwigdsburg plant and another 130 jobs at the site Unterguppenbach. The management and the Metalworkers' Federation IG Metall recently announced the agreement on a restructuring plan that will save Gertag €27 million in costs. According to the agreement there will be no direct dismissals. Also, plans to close the plant at Ludwigsburg are stopped.
Sources
22 January 2009: Handelsblatt
Citation
Eurofound (2009), Getrag, Internal restructuring in Germany, factsheet number 67939, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67939.
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