Stotz-Kontakt

Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Karlsruhe; Heidelberg, Stadtkreis
Location of affected unit(s)
Sector
Manufacturing
(33) Machinery and equipment
33.2 - Installation of industrial machinery and equipment
33.2 - Installation of industrial machinery and equipment
145 jobs
Number of planned job losses
Job loss
Announcement Date
14 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 January 2006

Description

Stotz-Kontakt, a daughter company of ABB, will cut 145 out of 1,500 jobs. Stotz's general manager said that the company was in danger of losing its competitiveness. Administrative jobs as well as jobs in distribution and production are to go. Stotz is also planning to transfer production from Spain to Germany. Stotz will try to avoid direct dismissals.

Sources

  • 15 October 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), Stotz-Kontakt, Internal restructuring in Germany, factsheet number 62447, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62447.