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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
150 - 700 jobs Number of planned job losses
Announcement Date
13 October 2009
Employment effect (start)
13 October 2009
Foreseen end date
Description
On 13 October 2009, the pistons and engine block manufacturer Kolbenschmidt Pierburg announced the loss of up to 700 jobs. Almost 150 jobs will be lost due to the closure of the production facility in Hamburg. Another 550 jobs are threatened at its site in Neckarsulm (Baden-Wurttemberg) currently employing some 2,500 people. Employees at the Neckarsulm site were offered to fill other positions at a service company of Kolbenschmidt. The company stated that talks to balance the different interests had already begun.
Sources
3 November 2009: Financial Times Deutschland
Citation
Eurofound (2009), Kolbenschmidt Pierburg, Internal restructuring in Germany, factsheet number 69807, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69807.
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