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.

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

Description

German Schuler, a leading producer in the field of coin minting technology and of press lines for the automotive sector, announced plans to cut 600 global jobs. Out out these, 360 jobs shall be shed in Germany. Management intends to save 20% in labour costs, Frankfurter Allgemeine says. Negotiations with the works council are still running. There is no information when and where the job cuts will be implemented.


Sources

  • 25 May 2009: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2009), Schuler, Internal restructuring in European Union, factsheet number 69032, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69032.