EMCC European Monitoring Centre on Change

Air Cargo Germany (ACG)

Company/Organisation:
Air Cargo Germany (ACG)

Geographic Location

Country: Germany
Region: Darmstadt; Hessen
Location of affected unit(s): Frankfurt-Hahn

Company

Sector: Transportation / storage
Transportation and storage
51.1 - Passenger air transport
Number Employed: 120

Employment Effects

Announcement Date: 03-09-2013
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Bankruptcy

Additional Information

On 3 September 2013, the broadcasting comapny SWR reported on the dismissal of 120 employees of airliner ACG Air Cargo. The company had already filed for insolvency in spring 2013. After talks with several potentials buyers/inverstors failed, ACG had to dismiss the remaining 120 staff.