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.
Dr. Oetker, a German global food company headquartered in Bielefeld (North-Rhine Westphalia) announced 150 job cuts at its production site in Ettlingen (Baden-Württemberg). The company announced that it will cease production at the Ettlingen site and align to the strategic segments of pizza, cake and dessert.
Dr. Oetkter justifies its decision by citing a declining demand in the out-of-home market for spicy nutritional products, produced the Ettlingen production site. The 150 jobs in production will be cut by the end of 2022, while 68 employees will remain at the Ettlingen site in sales, marketing and administration.
Dr. Oetker announced that after negotiations with the works council, there will be a social plan that includes voluntary termination of employment, dismissals with severance pay and voluntary internal transfers.
Dr. Oetker had reported a turnover of €3.71 billion in 2020 with 34,000 employees worldwide.
Eurofound (2022), Dr. Oetker, Closure in Germany, factsheet number 106842, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106842.