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 machinery and plant manufacturer Schuler, specialised in the manufacturing of presses, is cutting 474 jobs in Germany, spread across various locations, due to internal restructuring.
The Gemmingen site is affected with approximately 174 planned job cuts, and the Weingarten site will be shut down with 300 employees losing their jobs. Some of the jobs to be relocated to other German locations. The company is responding to the challenging economic environment in the automotive industry.
Management plans to enter into negotiations with employee representatives and aims to conclude these discussions by the end of 2024. The company employs 5,000 people worldwide.
Eurofound (2024), Schuler, Closure in Germany, factsheet number 201638, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201638.