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
150 jobs Number of planned job losses
Announcement Date
11 August 2009
Employment effect (start)
Foreseen end date
Description
On 11 August 2009, the producer of car components Leoni announced to cut another 150 jobs in Germany. The current downsizing follows Leoni's announcement of 430 jobs to be lost in March 2009. This second wave of job cuts is attributed to the lasting economic crisis. On 30 June 2009, the company employed 45,522 employees worldwide (3,967 staff in Germany). As of August 2009, it is unknown when the job losses will be implemented by and the precise locations that they will affect.
Sources
12 August 2009: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2009), Leoni, Internal restructuring in Germany, factsheet number 69396, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69396.
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