EMCC European Monitoring Centre on Change

Hella

Company/Organisation:
Hella

Geographic Location

Country: Germany
Region: Soest; Arnsberg; Nordrhein-Westfalen
Location of affected unit(s): Lippstadt

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 38845

Employment Effects

Announcement Date: 28-07-2020
Planned Job Reductions min: 900
Planned Job Reductions max: 900
Type of Restructuring: Internal restructuring
Employment Effect Start: 28-07-2020
Foreseen End Date: 31-12-2023
Other Job Reduction Measures: 900

Additional Information

As announced on 28 July 2020, the automotive parts supplier Hella will cut approximately 900 jobs at its headquarters in Lippstadt until the end of 2023. According to management, Hella has been hit hard by the COVID-19 crisis making structural changes inevitable. Hella will try to implement the job reduction as socially acceptable as possible. Mainly affected will be units administration and development. Although Hella expects the costs of the restructuring measure to be around €240 million, the company will be saving €120 million in costs annually from 2022 onwards.

 

Hella has 38,845 employees worldwide.