Putzmeister

Type
Internal restructuring
Country
World
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.
950 jobs
Number of planned job losses
Job loss
Announcement Date
17 June 2009
Employment effect (start)
Foreseen end date

Description

Putzmeister Group, a producer of concrete pumps, has announced that it is to cut 950 jobs worldwide in response to a decrease in orders. In 2007, the company had a global workforce of 3,600 (3,871 in 2007). German sites will be affected by a loss of 580 jobs. As of June 2009, there is no information either on countries affected or timeline. In Germany, management and works council are currently negotiating a social plan.     

Sources

  • 17 June 2009: Handelsblatt

Citation

Eurofound (2009), Putzmeister, Internal restructuring in World, factsheet number 69112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69112.