Type
Internal restructuring
Country
European Union
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.

750 jobs
Number of planned job losses
Job loss
Announcement Date
19 May 2009
Employment effect (start)
Foreseen end date

Description

Demag Cranes, a leading German producer and supplier of industrial cranes and port automation technology, announced plans to cut 750 jobs. Out of these 250 jobs shall be shed at Demag's subsidiary Gottwald, a manufacturer of port cranes located in Düsseldorf, and another 250 at subsidiary Demag Cranes & Components in Germany.  There is no information on where the remaining 250 jobs shall be cut outside of Germany. No timeframe is given.

Negotiations with the works council have just begun.


Sources

  • 19 May 2009: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2009), Demag Cranes, Internal restructuring in European Union, factsheet number 68928, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68928.