Type
Internal restructuring
Country
Germany
Region
Hessen; Darmstadt; Frankfurt am Main
Location of affected unit(s)
Frankfurt
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Fabricated Metal Products, Except Machinery And Equipment
25 - Manufacture of fabricated metal products, except machinery and equipment

100 jobs
Number of planned job losses
Job loss
Announcement Date
10 August 2006
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2006

Description

On 10 August 2006 GEA (Global Engineering Alliance), a technology group that focuses on specialty mechanical engineering and plant engineering, announced it was to cut 100 out of 250 jobs at its subsidiary Zimmer and to sell the company by the end of 2006. New orders at Zimmer, a plant engineering company for polymer industries, had been far below expectations. Though Zimmer’s negative business results are exceptional, GEA plans to reduce its plant engineering division and to sell most of the respective subsidiaries.


Sources

  • 11 August 2006: Handelsblatt

Citation

Eurofound (2006), Zimmer, Internal restructuring in Germany, factsheet number 63898, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63898.