Kendrion

Type
Internal restructuring
Country
Netherlands
Region
Location of affected unit(s)
Sector
Manufacturing
(24 - 25) Manufacture of metals
25 - Manufacture of fabricated metal products, except machinery and equipment
25 - Manufacture of fabricated metal products, except machinery and equipment
330 jobs
Number of planned job losses
Job loss
Announcement Date
31 March 2009
Employment effect (start)
Foreseen end date

Description

On 31 March 2009, Kendrion announced it will cut 330 jobs, out of a total of 1400.

Kendrion, producer of electromagnets, has been hit hard by the recession in the automotive industry. Earlier, Kendrion already cut 120 jobs and reduced working hours in Germany and Austria.

Sources

  • 1 April 2009: Het Financieele Dagblad
  • 31 March 2009: NRC Handelsblad

Citation

Eurofound (2009), Kendrion, Internal restructuring in Netherlands, factsheet number 68718, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68718.