Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
As announced on 21 June 2020, the van division of German carmaker Volkswagen (VW), Volkswagen Nutzfahrzeuge (VWN) plan to phase out 5,000 jobs at its Hannover plant until 2029 due to internal restructuring. Works council and management had already reached a company agreement in 2018 for guaranteed employment until 2029, thus VWN intends to reduce the number of jobs at its Hannover plant from 15,000 to 10,000 by natural fluctuation and part-time retirement programmes.
Lost jobs in production will be relocated to Poland due to cost-saving concerns, as it becomes increasingly impossible to manufacture a car under €20,000.
Eurofound (2020), Volkswagen Nutzfahrzeuge, Offshoring/Delocalisation in Germany, factsheet number 101180, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101180.