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.
German ceramics producer Villeroy & Boch announced that it plans to cut 200 jobs worldwide, including 100 positions in Germany. A company’s spokeperson revealed the administrative departments will be particularly affected. The conditions of the programme will be negotiated with the works councils as the dismissals should be ‘socially acceptable as possible’.
The job cuts are a part of ‘a comprehensive transformation and efficiency programme’ which was announced by the company in February 2020. The programme’s aim is to achieve sustainable competiveness in the digital age, and the COVID-19 pandemic accelerates the implementation of the programme.
Villeroy & Boch employs 7,500 people globally, including 1,900 in Saarland, Germany.
Eurofound (2020), Villeroy & Boch, Internal restructuring in World, factsheet number 102038, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102038.