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.
At the end of October 2021, Koch Industries announced to close its Funkwerk-Molex Dabendorf plant producing chips and smart devises by the end of 2023.
After serious staff protests, the parent company Koch industries decided nonetheless to close the plant and restructure the business. The staff number was already reduced from 500 to 400 employees throughout 2021. In the next two years, Koch Industries wants to shed another 300 positions. The remaining 100 employees are to be employed in Berlin where Molex' will pool the research and development unit.
Eurofound (2021), Molex-Funkwerk Dabendorf, Closure in Germany, factsheet number 105601, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105601.