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.
Swiss automotive supplier Feintool is to cut 200 out of the 450 jobs at its German sites in Sachsenheim and Vaihingen. The job cuts are to be fully realised by 2027.
At the affected German sites, the company produces metal parts for the automotive industry. As demand for its products is falling, Feintool is moving parts of its German production to Hungary whilst also reshaping the German location.
Whilst the plant in Sachsenheim will be closed down by 2027, some of the employees might be offered jobs in Vaihingen where production will be continued. Talks on the details of this move are still ongoing, but the company stated that it seeks "socially acceptable" solutions for realising job cuts.
Eurofound (2024), Feintool, Closure in Germany, factsheet number 202157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202157.
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