Index Werke, TRAUB

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
500 jobs
Number of planned job losses
Job loss
Announcement Date
19 February 2009
Employment effect (start)
Foreseen end date

Description

Frankfurter Allgemeine Zeitung (FAZ) reports that CNC lathe manufacturer Index Group, a supplier to the automotive sector, is to cut 500 jobs as the company expects a long lasting reduction in sales. Index Group is one of the leading CNC lathe manufacturers worldwide. There is no further infomation on the job cuts.   

Sources

  • 19 February 2009: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2009), Index Werke, TRAUB, Internal restructuring in Germany, factsheet number 68337, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68337.