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.
French automotive supplier Delfingen has announced that it will cut 450 jobs worldwide.
The company plans to close its production site in Slovakia and reduce employment at its Mexican plant. Additionally, nine roles are expected to be cut at the Anteuil headquarters, France. The layoffs in France will mainly affect the products development centre. Delfingen roadmap also mentions gathering activities for Eastern Europe in Romania, launching textile production in China, and accelerating it in Honduras.
The restructuring programme began in the second half of 2024 and will continue into the first half of 2025. The programme is a response to the deteriorating situation in the automotive market and declining profitability. The company aims to enhance its financial and operational efficiency through these measures.
Founded in 1954, Delfingen is a global automotive supplier specialising in wiring solutions. The group has 41 locations in 21 countries worldwide and employs about 4,000 employees.
Eurofound (2024), Delfingen, Internal restructuring in World, factsheet number 201761, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201761.