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 For Transport Equipment Manufacture Of Other Transport Equipment 30.2 - Manufacture of railway locomotives and rolling stock
200 jobs Number of planned job losses
Announcement Date
23 April 2019
Employment effect (start)
23 April 2019
Foreseen end date
31 December 2019
Description
The German provider of rail-bound transport systems Vossloh will be cutting 200 jobs this year due to internal restructuring. The job reduction is part of a greater restructuring programme in order to increase the company's profitability sustainably. By the end of this year, Vossloh intends to cut 5% of its 3,800 jobs, but expects positive effects to first take place in 2020. A Vossloh spokesperson informed employees that the job reduction will be as socially acceptable as possible. The exact distribution and location of cuts have yet to be announced.
Eurofound (2019), Vossloh, Internal restructuring in Germany, factsheet number 97717, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97717.
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