Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

335 jobs
Number of planned job losses
Job loss
Announcement Date
25 March 2009
Employment effect (start)
25 March 2009
Foreseen end date
30 June 2009

Description

On 25 March 2009, Stankiewicz announced it would cut 335 out of 1,300 jobs. The company produces acoustic devices for the automobile industry. Job cuts are part of the restructuring programme in place after the company filed for insolvency at the end of 2008. The insolvency practitioner stated that job cuts were necessary due the severe slump in sales.


Sources

  • 26 March 2009: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2009), Stankiewicz, Internal restructuring in Germany, factsheet number 68612, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68612.