EMCC European Monitoring Centre on Change

Bielomatik

Company/Organisation:
Bielomatik

Geographic Location

Country: Germany
Region: Esslingen; Stuttgart; Baden-Württemberg
Location of affected unit(s): Neuffen

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.96 - Manufacture of plastics and rubber machinery
Number Employed: 340

Employment Effects

Announcement Date: 08-02-2020
Planned Job Reductions min: 120
Planned Job Reductions max: 130
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-04-2020
Other Job Reduction Measures: 120

Additional Information

The insolvent German machine manufacturer Bielomatik will be acquired by two Italian investors in April 2020, which will ultimately result in the loss of 120 full-time jobs at its plant in Neuffen. While details on the agreement have not been published, the Italian investment requires that the workforce is reduced to 193 employees in total, which equals the loss of approximately 125 full-time jobs. Currently the company employs 340 workers, while 20 of them are in full-time traineeships. The traineeships will be prolonged after the acquisition. The affected employees will be able to transfer to a transition company, which intends to find new occupational opportunities for these employees. 

Bielomatik, declared insolvency in October 2019, following the challenges in the automotive industry.