EMCC European Monitoring Centre on Change

Lear Corporation

Company/Organisation:
Lear Corporation

Geographic Location

Country: Germany
Region: Kronach; Oberfranken; Bayern
Location of affected unit(s): Kronach

Company

Sector: Manufacturing
Manufacture of transport equipment
29.32 - Manufacture of other parts and accessories for motor vehicles
Number Employed: 500
Group: Lear Corporation

Employment Effects

Announcement Date: 12-04-2022
Planned Job Reductions min: 380
Planned Job Reductions max: 400
Type of Restructuring: Closure
Employment Effect Start: 12-04-2022
Foreseen End Date: 01-01-2025

Additional Information

Lear Corporation, a global vehicle supplier headquartered in Southfield, Michigan, USA, announced 380 job cuts at the production plant in Kronach, Germany.

The job losses are caused by the decision of Lear Corporation to discontinue the Audio and Lighting business area worldwide. The job cuts affect positions in the production while 120  development jobs remain at the production plant in Kronach, Germany. The job losses are to be implemented until 2025.

After negotiations with the works council (Betriebsrat) and the union IG Metall, Lear Corporation announced that there will be severance pay, additional social benefits and the possibility of transferring to a transfer company. The works council and IG Metall declared that they are satisfied with this agreement.

Lear Corporation employs over 160,000 employees globally in 257 facilities in 38 countries.