CAE Elektronik

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Köln; Städteregion Aachen
Location of affected unit(s)
Stolberg
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26.5 - Manufacture of measuring testing instruments, clocks and watches
26.51 - Manufacture of instruments and appliances for measuring, testing and navigation
68 jobs
Number of planned job losses
Job loss
Announcement Date
21 May 2012
Employment effect (start)
21 May 2012
Foreseen end date
1 April 2013

Description

As reported on May 21, 2012, German Canadian Aviation Electronics subsidiary CAE Elektronik will cut 68 of its 550 jobs until April 2013. This is due to a worsening order position and increasing competition in the market for flight simulators.

In August 2011, CAE Elektronik had initially announced to cut about 145 of 550 jobs, most of them engineers. Since a high number of employees voluntarily left the company, 68 jobs remain to be cut. Worldwide, CAE employ about 8,000 people.

Sources

  • 21 May 2012: Aachener Zeitung (Online version)
  • 15 August 2011: Aachener Zeitung (Online version)

Citation

Eurofound (2012), CAE Elektronik, Internal restructuring in Germany, factsheet number 73900, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73900.