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.
Vitesco Technologies, a publicly traded automotive supplier for powertrain technologies announced around 800 job cuts by the end of 2026 at its production plant in Nuremberg, Bavaria, Germany.
According to the company, the Nuremberg plant is to be more automated and more efficiently positioned and the job cuts are necessary to maintain production in Germany. The general works council condemned the measure.
Vitesco Technologies headquartered in Regensburg, Germany employs around 37,000 people at 50 sites worldwide and has a turnover of around € 8,3 billion in 2021.
Eurofound (2022), Vitesco Technologies , Internal restructuring in Germany, factsheet number 107072, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107072.