The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
600 jobs Number of planned job losses
Announcement Date
13 May 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
Grammer, a leading German producer of car and bus seats, has been cutting 2000 jobs since spring 2008. The company announced a further 600 job cuts in 2009 in order to reduce its total workforce to 7,200. There is no information on the exact location where these jobs will be cut. Due to a company agreeement with the German Metalworkers' Federation IG Metall, it is unlikely that German plants will be affected.
Grammer employs a global workforce of 8000 in 23 subsidiaries and holds sites in 17 countries. On 13 May 2009, the company reported a drop in turnover of 35.8 per cent (compared with May 2008) to EUR 171.7 million; management said it expects a decrease of 30 per cent in 2009.
Sources
13 May 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Grammer, Internal restructuring in World, factsheet number 68888, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68888.
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