EMCC European Monitoring Centre on Change

Aero Lloyd

Company/Organisation:
Aero Lloyd

Geographic Location

Country: Germany

Company

Sector: Transportation / storage
Transportation and storage
51 - Air transport
Number Employed: 1400

Employment Effects

Announcement Date: 16-10-2003
Planned Job Reductions min: 1400
Planned Job Reductions max: 1400
Type of Restructuring: Bankruptcy/Closure

Additional Information

The Bayerische Landesbank refused to take necessary financial measures in order to save Aero Lloyd. The company which declared its insolvency, employes 1,400 workers in Germany.

Sources:

16-10-2003Financial Times Deutschland
16-10-2003Der Standard