Mann+Hummel

Type
Internal restructuring
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
300 jobs
Number of planned job losses
Job loss
Announcement Date
11 April 2019
Employment effect (start)
11 April 2019
Foreseen end date
31 December 2019

Description

The German automotive supplier Mann+Hummel will be cutting up to 300 jobs in Germany due to internal restructuring in 2019. The job reduction is part of a worldwide restructuring programme with the goal to save €60 million in order to be competitive in the long-term. This will include the loss of 1,200 jobs worldwide. According to the management, production is not affected. Management and works council have just started negotiations on a social plan and are confident to find a solution soon. Currently, Mann+Hummel has 20,000 employees worldwide.

Sources

Citation

Eurofound (2019), Mann+Hummel, Internal restructuring in Germany, factsheet number 97595, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97595.