EMCC European Monitoring Centre on Change

Drauz Nothelfer

Company/Organisation:
Drauz Nothelfer

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 3300
Group: ThyssenKrupp AG

Employment Effects

Announcement Date: 16-08-2005
Planned Job Reductions min: 511
Planned Job Reductions max: 511
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-07-2004
Foreseen End Date: 31-12-2005
Direct Dismissals: 110

Additional Information

Drauz Nothelfer, a toolmaker for the car industry and daughter of steel giant ThyssenKrupp, has negotiated a deal with trade union IG Metall that foresees the cutting of 511 jobs at 5 units in Germany. 226 of the jobs have already been cut, which leaves another 285 jobs to disappear until the end of 2005. There shall be 110 direct dismissals. In return for the cuts, the trade union received an employment guarantee for the rest of the staff until September 2009.