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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.93 - Manufacture of machinery for food, beverage and tobacco processing
360 jobs Number of planned job losses
Announcement Date
22 August 2014
Employment effect (start)
22 August 2014
Foreseen end date
31 August 2017
Description
Supplier of food processing and packaging equipment Gea announced to cut 360 jobs within the next three years in Germany. As reported, the cost cutting measure is part of a global restructuring plan affecting 1,000 jobs. In Germany, Gea currently employs 5,500 people at 20 sites.
There were several job reductions at Gea in the past years. In 2009, total job reduction affected around 3,100 jobs, between 100 and 200 of them in Germany.
In 2012, GEA announced to shut down its affliate Ruhr-Zink in Datteln which affected 235 people.
Sources
22 August 2014: FAZ
22 August 2014: Welt Kompakt
22 August 2014: Handelsblatt
Citation
Eurofound (2014), Gea Group, Internal restructuring in Germany, factsheet number 77495, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77495.
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