MAN Diesel & Turbo

Type
Internal restructuring
Country
Germany
Region
Nordrhein-Westfalen; Düsseldorf; Oberhausen, Kreisfreie Stadt
Location of affected unit(s)
Oberhausen
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28.1 - Manufacture of general-purpose machinery
28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
126 jobs
Number of planned job losses
Job loss
Announcement Date
12 August 2014
Employment effect (start)
12 August 2014
Foreseen end date
12 August 2016

Description

On 12 August 2014, German manufacturer of turbo machines MAN Diesel & Turbo announced its plan to cut 126 jobs in Oberhausen within the next two years. The management excluded operational dismissals and wants to implement the job reduction on a voluntary basis by early and partial retirement as well as severance payment. Currently, the company employs around 2,000 people.

MAN Diesel & Turbo suffers from the weak order situation resulting from Germany’s exit from nuclear and fossil-fuel energy, declining investments and tough competition. The works council was displeased and complained that the decision was made without consulting the works council. 

Sources

  • 12 August 2014: Der Westen

Citation

Eurofound (2014), MAN Diesel & Turbo, Internal restructuring in Germany, factsheet number 77444, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77444.