Type
Internal restructuring
Country
Germany
Region
Baden-W├╝rttemberg; Stuttgart;
Location of affected unit(s)
Stuttgart
Sector
Construction
Specialised Construction Activities
Specialised Construction Activities
43 - Specialised construction activities

70 jobs
Number of planned job losses
Job loss
Announcement Date
15 July 2014
Employment effect (start)
15 July 2014
Foreseen end date

Description

On 15 July 2014, constructor of production sites M+W Germany announced its plans to cut 70 jobs, mainly at its site in Stuttgart. Currently, 300 people work for M+W Germany. The company plans to implement the job reduction by early retirement or offering alternative positions within the M+W Group. The management named decreasing assignments as the main reason; their number shrank by 15 p.c. between 2012 and 2013.

M+W Germany belongs to the M+W Group which currently employs 1,000 people at four subsidiaries in Germany.


Sources

  • 15 July 2014: Stuttgarter Zeitung

Citation

Eurofound (2014), M+W Germany, Internal restructuring in Germany, factsheet number 77368, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77368.