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 14 February 2023, the US-based car manufacturer Ford will be implementing a job reduction programme for its European subsidiary Ford Europe which will result in the loss of 2300 jobs in Germany until the end of 2025. The job reduction is part of a large-scale reduction in Europe which will affect 3800 employees, equivalent to 11% of Ford’s entire European workforce. Ford Europe will be cutting 1700 jobs in car development and 600 jobs in administration. Mainly affected will be Ford Europe’s plants in Cologne and Aachen. Ford Europe will waive occupational terminations and will offer affected employees severance and early-retirement programmes. The remaining employees in Cologne will have job security until 2032, which was negotiated by the works’ council.
Ford Europe has currently 19,000 employees in Germany.
Eurofound (2023), Ford Europe, Internal restructuring in Germany, factsheet number 108433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108433.