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 Computer, Electronic And Optical Products 26.52 - Manufacture of watches and clocks
70 jobs Number of planned job creations
Announcement Date
26 September 2012
Employment effect (start)
26 September 2012
Foreseen end date
1 January 2013
Description
As announced on September 26, 2012, German manufacturer of luxury watches Glashütte will create 70 jobs until 2015 in Glashütte, Saxony.
In total, Glashütte employs 440 people. The company expects sales to increase, especially in China, North America and in the Middle East, so that Glashütte aims to double its production capacity.
Sources
26 September 2012: Freie Presse
Citation
Eurofound (2012), Glashütte Original, Business expansion in Germany, factsheet number 74238, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74238.
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