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.
Siltronic, a German wafer manufacturer for the semiconductor and chip industry, has announced the gradual closure of the production of polished and epitaxial silicon wafers with small diameters in Burghausen (Bavaria), resulting in the reduction of 400 jobs.
The decision is in response to the changing market requirements towards larger wafers due to technological innovations, which is leading to a decline in demand for smaller wafers. The closure will affect production employees and is to be implemented in stages and completed in the course of 2025.
The headcount reduction will be achieved through the expiry of fixed-term employment contracts and temporary employment contracts for around 200 employees, while the other half shall be reduced in a socially responsible manner through demographic change and partial retirement, thereby preventing redundancies.
Siltronic is a global company with around 4500 employees. It has production sites in Asia, Europe and the USA.
Eurofound (2024), Siltronic, Closure in Germany, factsheet number 201044, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201044.