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. 28.1 - Manufacture of general-purpose machinery
144 - 204 jobs Number of planned job losses
Announcement Date
13 July 2016
Employment effect (start)
13 July 2016
Foreseen end date
31 December 2017
Description
On 13 July 2016, FFG-Werke from the German machine tool industry announced plans to cut 144 jobs by the end of 2017 due to closure of its site in Diedesheim. At the moment 204 employees are working on the site in Diedesheim, but 60 jobs might be relocated to another site of the company. In 2013 the Taiwanese Fair Friend Group took over the former company (named Hüller Hille at that time) from the company MAG IAS. Works council and the German Metalworkers' Union have announced to take action against the company's decision. First talks between the company and employee representatives were already scheduled. Further information has yet to become available.
Sources
13 July 2016: Press release FFG
14 July 2016: Rhein-Neckar-Zeitung
Citation
Eurofound (2016), FFG-Werke, Closure in Germany, factsheet number 88287, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88287.
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