EMCC European Monitoring Centre on Change

Premium Aerotec

Company/Organisation:
Premium Aerotec

Geographic Location

Country: Germany
Location of affected unit(s): Nordenham, Augsburg, Varel, Bremen

Company

Sector: Manufacturing
Manufacture of transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
Group: Airbus

Employment Effects

Announcement Date: 06-07-2020
Planned Job Reductions min: 2800
Planned Job Reductions max: 2800
Type of Restructuring: Internal restructuring
Employment Effect Start: 06-07-2020
Foreseen End Date: 31-12-2021

Additional Information

Premium Aerotec, an affiliate of aircraft manufacturer Airbus, announced it plans to cut around 2,800 jobs in Germany by the end of 2021. Some 1,000 employee at its Bavarian site in Augsburg are affected by this step as well as 1,100 in Nordenham, 540 in Varel and 160 employees in Bremen. This step follows the parent company's announcement  that it will cut over 3,000 jobs in Germany. The management has taken up negotiations with the works' council and a social plan needs to be developed. The company suffers from the losses in the aircraft industry due to the negative impact of the COVID-19 pandemic.

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