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 30 July 2020, the German automotive supplier and filtration specialist Mann+Hummel will be seizing production at its site in Ludwigsburg which will close and result in the loss of 400 jobs due to internal restructuring. Some of the production will be relocated to other sites. According to management, the decision is inevitable and aims to secure the company’s future. Mann+Hummel will continue to operate its research and development department as well as its technology centre in Ludwigsburg. Management will work closely with the works council to reach an agreement for a social plan. There is no detailed information when the production facility will close or when the redundancies will be carried out.
Mann+Hummel has 22,000 employees worldwide.
Eurofound (2020), Mann+Hummel, Closure in Germany, factsheet number 101447, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101447.