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 20 January 2021, the US parcel and courier service UPS will be cutting 500 jobs at its plants in Neuss and Monheim until the end of 2021 due to internal restructuring. UPS intends to optimise its processes and increase its efficiency potential which thus results in the loss of 500 jobs. Their are suspicions that some activities will be moved to the headquarters in Brussels, Belgium.
UPS emphasised that it will exclude compulsory redundancies. The United Services’ Union criticised the restructuring plans as the company is in stable economic situation.
UPS has 1,000 employees combined at its plants in Neuss and Monheim.
Eurofound (2021), UPS, Internal restructuring in Germany, factsheet number 103491, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103491.