EMCC European Monitoring Centre on Change

Wabco

Company/Organisation:
Wabco

Geographic Location

Country: Germany
Region: Niedersachsen
Location of affected unit(s): Hanover, Gronau

Company

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

Employment Effects

Announcement Date: 20-11-2008
Planned Job Reductions min: 600
Planned Job Reductions max: 600
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 20-11-2008
Foreseen End Date: 31-12-2008

Additional Information

On 20 November 2008, the US-American company Wabco announced to cut approximately 600 jobs at its German sites by the end of 2008. Wabco produces braking and control systems for trucks. In detail, 300 temporary agency workers and employees holding a fixed-term contract have to leave the company. In addition, another 300 employees holding an open-ended contract are to loose their jobs. Sites affected are located in Hanover and Gronau (Lower-Saxony). Currently, Wabco employs 2900 staff in Germany.