Internal restructuring
Niedersachsen; Braunschweig; Osterode am Harz
Location of affected unit(s)
Sachsen Anhalt
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.4 - Freight transport by road and removal services

280 jobs
Number of planned job losses
Job loss
Announcement Date
14 May 2008
Employment effect (start)
14 May 2008
Foreseen end date


Rico, a freight and transport logistics company based in Germany, has announced insolvency with a total loss of 280 jobs. The company employs 350 people in total and is to retain 70 employees to carry out some orders from large client companies. 50 employees will carry out the orders and 20 will remain for administrative responsibilities.

The parent company is active in Germany and Eastern Europe and employs 3000 employees in total, with 1000 in Sachsen Anhalt (500 in the head office), and 2000 in a daughter company in Poland.


  • 14 May 2008: Nordwest Zeitung


Eurofound (2008), RiCoe, Internal restructuring in Germany, factsheet number 68126, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68126.