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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture of other fabricated metal products n.e.c.
New offshoring locations
Not Available
260 jobs Number of planned job losses
410 jobs Number of planned job creations
Announcement Date
8 March 2013
Employment effect (start)
8 March 2013
Foreseen end date
31 December 2014
Description
As announced on March 8, 2013, German engineering group Heraeus will cut up to 260 jobs in its Material Technology section. This is due to market changes.
In total, the company will cut 500 jobs in this section, aside from the 260 jobs in Germany, 190 workers are affected also in the USA. Job cuts in Germany shall be realized by the end of 2014 and mainly affect workers in Hanau (Hesse) and Kleinostheim (Bavaria), where currently 1,270 people are employed. Talks with worker representatives have been announced.
Sources
8 March 2013: Frankfurter Rundschau (online)
Citation
Eurofound (2013), Heraeus, Offshoring/Delocalisation in Germany, factsheet number 75092, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75092.
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