Type
Closure
Country
Germany
Region
Brandenburg; Elbe-Elster;
Location of affected unit(s)
Massen
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.99 - Manufacture of other special-purpose machinery n.e.c.

160 jobs
Number of planned job losses
Job loss
Announcement Date
1 May 2013
Employment effect (start)
1 May 2013
Foreseen end date
31 July 2013

Description

German engineering company Siag will close its site in Massen (Brandenburg) and thus make 160 people redundant. This is due to insolvency.

To date, the company failed to find a new investor. Job cuts shall be implemented by the end of July. Other sites of Siag are not being affected and the company will then employ 600 people in total.


Sources

  • 1 May 2013: Lausittze Rundschau (online)

Citation

Eurofound (2013), Siag, Closure in Germany, factsheet number 75445, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75445.