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.
The Norwegian manufacturer of automotive components, Kongsberg Automotive, has announced a global internal restructuring plan in which 150 to 200 jobs are to be cut.
The job cuts are to affect locations especially outside of Norway, such as in Dortmund, Germany, where a plant of the company will be shut down until the end of 2023. As of now, there is no information available about which other locations are affected by the restructuring, and what number of employees will be made redundant in the respective locations.
The reason behind this restructuring event is the company's aim to save costs.
Eurofound (2023), Kongsberg Automotive, Internal restructuring in World, factsheet number 200555, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200555.