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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
New offshoring locations
Not Available
664 jobs Number of planned job losses
Announcement Date
28 June 2013
Employment effect (start)
28 June 2013
Foreseen end date
Description
Car component supplier Magna-Näher, German subsidiary of Magna International, will relocate its production to raise competitiveness and intends to cut 664 jobs out of 800 jobs in Markgröningen. This measure was taken because of decreasing commercial efficiency. However worker representatives emphasize that mismanagement is the main reason for the losses.
Furthermore Magna's European headquarters announced that 40 employees will be taken over by TLT, one of Magna’s suppliers nonetheless remaining at Markgröningen's plant.
Sources
27 June 2013: Stuttgarter Zeitung
29 June 2013: Bietigheimer Zeitung
Citation
Eurofound (2013), Magna-Näher, Offshoring/Delocalisation in Germany, factsheet number 75611, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75611.
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