Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
Manufacturing Of Furniture And Other Manufacturing
Manufacture Of Furniture
31 - Manufacture of furniture

170 jobs
Number of planned job losses
Job loss
Announcement Date
5 May 2014
Employment effect (start)
5 May 2014
Foreseen end date
31 December 2015

Description

German furniture manufacturer Hülsta is to cut 170 jobs until the end of 2015. As reported the job reduction measure is due to the low turnover in the sector and is to affect mostly the company’s sites in Stadtlohn and Ottenstein. As announced, the company assured to implement the restructuring in a socially acceptable manner. Hülsta is a German family enterprise and employs 1260 people in total. For previous a restructuring event see HülstaDE- 2013


Sources

  • 5 May 2014: Münsterlandzeitung.de

Citation

Eurofound (2014), Hülsta, Internal restructuring in Germany, factsheet number 77028, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77028.