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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
280 jobs Number of planned job losses
Announcement Date
24 June 2016
Employment effect (start)
24 June 2016
Foreseen end date
Description
Schaidt Innovations, a German electronic manufacturing services provider, announced plans to cut 280 jobs at its site in Wörth-Schaidt. Employees were offered the opportunity to move to a transition company. Schaidt Innovations has been suffering from a lack of orders for some time. To overcome the crisis and find an investor, the company hired external experts, inter alia business experts and legal professionals from the EBS University Wiesbaden, from the BMI Lab and the BGW Management Advisory Group. The team of employees is meeting regularly to work through the opportunities of Schaidt Innovations. Since the beginning of 2015 the company has been looking for investors but the expert team is confident that a new investor will be found by Christmas this year.
Schaidt Innovations currently employs 510 employees.
Sources
24 June 2016: SWR
3 July 2016: Pfalz Express
Citation
Eurofound (2016), Schaidt Innovations , Internal restructuring in Germany, factsheet number 87973, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87973.
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