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 Computer, Electronic And Optical Products 26.7 - Manufacture of optical instruments and photographic equipment
100 jobs Number of planned job losses
40 jobs Number of planned job creations
Announcement Date
2 July 2019
Employment effect (start)
17 June 2019
Foreseen end date
Description
The German camera manufacturer Leica will be cutting 100 jobs at its headquarters in Wetzlar due to internal restructuring. Cuts will mainly take place in development and marketing. The job reduction is part of a major restructuring, with the goal to focus more digitalisation, including computational imaging. Therefore, the company intends to invest in the recruitment of 40 digital experts. Management announced that the job reduction will be as socially acceptable as possible. However, an exact timeframe and more details regarding the reduction have yet to be announced.
Currently, Leica has 800 employees in Wetzlar.
Sources
2 July 2019: Frankfurter Rundschau (online) (www.fr.de)
Citation
Eurofound (2019), Leica Camera, Internal restructuring in Germany, factsheet number 98159, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98159.
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