EMCC European Monitoring Centre on Change

Progress-Werk (PWO)

Company/Organisation:
Progress-Werk (PWO)

Geographic Location

Country: Germany
Region: Ortenaukreis; Freiburg; Baden-Württemberg
Location of affected unit(s): Oberkirch

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 1500
Group: PWO

Employment Effects

Announcement Date: 06-10-2020
Planned Job Reductions min: 150
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring
Employment Effect Start: 06-10-2020
Other Job Reduction Measures: 200

Additional Information

Automotive supplier PWO announced it will cut 150 to 200 jobs at its German sites, such as Oberkirch (Baden-Wurttemberg).  PWO makes lightweight metal components for cars. The company wants to save €12 million in 2021. To realise this goal, the company initiated a voluntary redundancy programme by which it hopes to realise job reductions by the end of 2020. If this was not sufficient, the company already announced there would be dismissals due to operational reasons in 2021. At the end of 2019, PWO employed some 1,500 persons in Germany and around 3,200 people worldwide.

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