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. 28.24 - Manufacture of power-driven hand tools
200 jobs Number of planned job losses
Announcement Date
2 July 2019
Employment effect (start)
2 July 2019
Foreseen end date
31 December 2019
Description
The German manufacturer of household appliances Vorwerk confirmed that it will cease the production of its thermal mixer at its plant in Wuppertal by the end of 2019, which will result in the loss of 200 jobs. Vorwerk is facing a decreasing demand in Europe and believes that the Asian market has greater growth potential. Therefore, Vorwerk plans to build up a new thermal mixer production site in China. Management expects a maximum of 85 compulsory redundancies. The remaining cuts will be completed by natural fluctuation and early-retirement programmes.
Vorwerk has approximately 13,000 employees worldwide.
Eurofound (2019), Vorwerk, Internal restructuring in Germany, factsheet number 98164, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98164.
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