Type
Internal restructuring
Country
Germany
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.

200 jobs
Number of planned job losses
Job loss
Announcement Date
22 December 2009
Employment effect (start)
Foreseen end date

Description

Machinery manufacturer Oystar is to cut 200 jobs in Germany. The job reduction is due to a forecasted reduction in sales by 13% in 2010. As of 22 December 2009, there is no information about when the job losses will be implemented and what sites will be affected. Oystar employs 2500 people worldwide.


Sources

  • 23 December 2009: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2009), Oystar, Internal restructuring in Germany, factsheet number 70017, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70017.