Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29 - Manufacture of motor vehicles, trailers and semi-trailers

411 jobs
Number of planned job losses
Job loss
Announcement Date
8 September 2009
Employment effect (start)
Foreseen end date

Description

Schmitz Cargobull, the leading European manufacturer of trailers and semi-trailers for commercial vehicles, announced the cutting of 411 jobs in Germany. The family-owned company employs a workforce of 5,360 (including temporary workers). Handelsblatt quotes the employers' association VDA saying that due to the recession orders of trucks have dropped by 60% and orders of trailers by 90%.


Sources

  • 8 September 2009: Handelsblatt

Citation

Eurofound (2009), Schmitz Cargobull, Internal restructuring in Germany, factsheet number 69517, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69517.