Laukötter

Type
Bankruptcy
Country
Germany
Region
Sachsen-Anhalt; Sachsen-Anhalt; Dessau-Roßlau, Kreisfreie Stadt
Location of affected unit(s)
Dessau
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.4 - Manufacture of metal forming machinery and machine tools
28.41 - Manufacture of metal forming machinery and machine tools for metal work
125 jobs
Number of planned job losses
Job loss
Announcement Date
18 July 2014
Employment effect (start)
18 July 2014
Foreseen end date
30 September 2014

Description

As announced on 18 July 2014, insolvent Laukötter has given notice to the remaining 125 employees in Dessau. Their jobs will be cut by September 2014. Laukötter had filed for bankruptcy in April 2013.

Laukötter is a German manufacturer of tools using light metal and die casting techniques. Before filing for bankruptcy, the company employed around 190 people.  

Sources

Citation

Eurofound (2014), Laukötter, Bankruptcy in Germany, factsheet number 77372, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77372.