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 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
New offshoring locations
Uknown
750 - 800 jobs Number of planned job losses
Announcement Date
4 February 2014
Employment effect (start)
4 February 2014
Foreseen end date
31 December 2017
Description
Between now and 2017, Hella, an automotive supplier of lightening equipment, will cut up to 800 positions at its main manufacturing plant at Lippstadt. This will affect mainly lower skilled and administrative positions adding to manufacturing jobs that are to be outsourced to foreign markets of German car manufacturers.
300 jobs are expected to be cut by means of early retirement. Another 450 workers shall be asked to accept a severance pay and leave the company voluntarily.
In 2009, the ERM reported on another job reduction measure at Hella’s.
Sources
4 February 2014: Handelsblatt (print)
Citation
Eurofound (2014), Hella, Offshoring/Delocalisation in Germany, factsheet number 76599, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76599.
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