Restructuring events
European Restructuring Monitor (ERM)
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.
As announced on 22 October 2014, automotive supplier Inteva is to cut 95 out of 260 jobs at its plant in Gifhorn where the company produces sliding roofs for cars. According to the management, production in Gifhorn is no longer profitable and will thus be relocated to Eastern Europe. There was no information given on the end date of the restructuring.
The works council criticised that investments have been too low over the past decade. Originally, 500 people worked in Gifhorn. It is the third wave of layoffs in recent years.
Inteva is an US-American company with headquarters in Troy, Michigan. It employs around 8,000 people across 42 locations.
Eurofound (2014), Inteva, Offshoring/Delocalisation in Germany, factsheet number 77754, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77754.
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