Knorr-Bremse

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
500 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009

Description

On 31 March 2009, the producer of car brakes Knorr-Bremse announced to cut around 500 jobs in 2009, due to a steep decline in orders in its truck division. The cuts are in line with a saving and restructuring programme already prepared in autumn 2008.

At the end of 2008, the company employed around 15,000 employees worldwide.

Sources

  • 1 April 2009: Handelsblatt

Citation

Eurofound (2009), Knorr-Bremse, Internal restructuring in Germany, factsheet number 68668, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68668.