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 29.3 - Manufacture of parts and accessories for motor vehicles
500 jobs Number of planned job losses
Announcement Date
20 May 2014
Employment effect (start)
20 May 2014
Foreseen end date
31 December 2016
Description
German automotive supplier Eberspächer group is to cut up to 500 jobs by the end of 2016 at its exhaust technology production plant in Neunkirchen. As reported the cost cutting measure aims to improve the competitiveness of the site. According to the sources forced redundancies will be possibly avoided but are not ruled out.
Sources
21 May 2014: Handelsblatt
20 May 2014: T-online.de
21 May 2014: Stuttgarter Zeitung
20 May 2014: Eberspächer (Press Release)
Citation
Eurofound (2014), Eberspächer, Internal restructuring in Germany, factsheet number 77065, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77065.
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