EMCC European Monitoring Centre on Change



Geographic Location

Country: Germany
Region: Ahrweiler; Koblenz; Rheinland-Pfalz
Location of affected unit(s): Adenau


Sector: Arts / entertainment
Arts, entertainment and recreation
93.11 - Operation of sports facilities
Number Employed: 338
Group: Nürburgring

Employment Effects

Announcement Date: 13-01-2012
Planned Job Reductions min: 92
Planned Job Reductions max: 92
Type of Restructuring: Internal restructuring
Employment Effect Start: 12-12-2011

Additional Information

In mid-January 2012, the German race track Nuerburgring announced to cut 92 out of 338 jobs. The job cuts affect permanent staff as well as employees on fixed-term contracts, which will not be renewed

As it became already known in December 2011, the company is at stake due to shortage of visitors and high fixed costs to maintain the facilities.