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 9 December 2022, the French-based automotive service provider Segula Automotive will be cutting 100 jobs at its site in Rüsselsheim due to internal restructuring. Affected employees – most of whom are not paid under collective bargaining agreements, have already transferred to a 12-month transfer company on 1 December 2022. Additionally, another 50 employees will attend further training courses on e-mobility in cooperation with the Federal Labour Office (BA) with the goal to qualify for new vacancies at Segula. According to IG Metall information, the job reduction is necessary to compensate for high costs and a lack of orders.
After the job reduction, Segula Automotive will have 501 employees at its Rüsselsheim site.
Eurofound (2022), Segula Automotive, Internal restructuring in Germany, factsheet number 108240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108240.