AEG Electric Tools

Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Stuttgart; Rems-Murr-Kreis
Location of affected unit(s)
Winnenden
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
330 jobs
Number of planned job losses
Job loss
Announcement Date
5 March 2010
Employment effect (start)
1 October 2010
Foreseen end date
30 June 2011

Description

On 5 March 2010, the daily Stuttgarter Zeitung reported on the loss of 330 out of 450 jobs at the AEG Electric Tools site in Winnenden. The article states that the company's management had confirmed this news at a staff meeting at the end of February 2010. The daily Stuttgarter Nachrichten also stated that management planned to relocate production, assembling and its research activities or outsource these units.

AEG is currently negotiating a social plan with the German Metwalworkers' Union. Due to an agreement from last year, jobs are protected until 30 September 2010. After that, the reduction in staff is expected to occur in waves. The reduction scheme is to be completed by mid 2011.

Sources

  • 5 March 2010: Stuttgarter Zeitung

Citation

Eurofound (2010), AEG Electric Tools, Internal restructuring in Germany, factsheet number 70454, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70454.