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.
Neuss (North Rhine-Westphalia) as well as other sites in Saarland, Rhineland-Palatinate and Baden-Württemberg
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
650 jobs Number of planned job losses
Announcement Date
9 July 2014
Employment effect (start)
9 July 2014
Foreseen end date
Description
Automotive supplier Whitesell announced to cut at least 650 of 1,300 jobs in Germany. As reported, the headquarters in Neuss will be closed which will make 300 jobs redundant. Furthermore, 350 jobs will be cut at other sites in Saarland, Rhineland-Palatinate and Baden-Württemberg.
At the end of 2013, the American producer of screws acquired insolvent Ruia. According to the management, some customers had already abandoned the company before, which led to increased operational and personnel costs in the past months.
Sources
11 July 2014: FAZ
9 July 2014: Neuwied-Rhein Kurier Online
13 July 2014: Westdeutsche Zeitung Online
Citation
Eurofound (2014), Whitesell, Internal restructuring in Germany, factsheet number 77321, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77321.
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