Type
Closure
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.30 - Manufacture of agricultural and forestry machinery

180 jobs
Number of planned job losses
Job loss
Announcement Date
16 January 2012
Employment effect (start)
Foreseen end date

Description

On 16 January 2012, the German manufacturer of woodworking machinery Homag announced to close three sites with a maximum loss of 180 jobs. The company is restructuring its business and the sites affected by closure were not profitable in recent years.

Apart from closing down the mentioned sites, Homag also plans to restructure the rest of its German business. A timeline of the restructuring was not mentioned by the reporting business daily Handelsblatt.


Sources

  • 16 January 2012: Handelsblatt (online)

Citation

Eurofound (2012), Homag, Closure in Germany, factsheet number 73285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73285.