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.
Otis, a leading manufacturer of elevators and escalators, has announced that it will lay off gradually 200 of its current 250 employees by the end of 2025.
The production of elevators will end by June 2025 and the production of escalators by the end of next year.
The American owner will move the production of escalators to China, while the production and modernization of elevators will be divided between factories in Spain and France. Only shared teams in the Europe, Middle East and Africa region will remain. The company stated that the reason is to increase efficiency and strengthen long-term competitiveness.
Otis is ready to cooperate with the relevant trade union.
The U.S.-based Otis Group, which also includes the Břeclav plant, is the largest manufacturer of elevators, escalators, moving walkways and other vertical transportation systems in the world. It employs around 60,000 people worldwide.
Eurofound (2024), Otis, Offshoring/Delocalisation in Czechia, factsheet number 201618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201618.
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