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.
Trumpf, a German machinery manufacturing company, has announced plans to cut around 1,000 jobs worldwide, in the coming motnhs.
Approximately 430 of these positions will be eliminated at sites across Germany, including the company’s headquarters in Ditzingen, and locations in Gerlingen, Leonberg-Höfingen, and Hettingen. The company stated that declining order volumes and continued investment hesitancy among industrial clients, particularly in the semiconductor sector, necessitated structural adjustments. Trumpf aims to carry out the cuts in the most socially responsible way possible, and negotiations with works councils are ongoing: Trumpf 2025 - DE
The restructuring follows a disappointing financial performance in fiscal year 2023/24. The company had already initiated a savings program in 2024 targeting €250 million in cost reductions, including cuts in travel and consultancy services. Some employees have seen reduced working hours and pay since September 2024.
Trumpf had increased its workforce by over 650 employees in the previous year, bringing its total headcount to around 19,000 by June 2024, including about 9,500 in Germany.
Founded in 1923, Trumpf is a family-owned business known for its production of machine tools and laser technology systems for industrial clients. The company has over 70 subsidiaries and production facilities in Germany, China, France, UK, Italy, Japan, Mexico, Austria, Poland, Switzerland, Czechia, and the US.
Eurofound (2025), Trumpf, Internal restructuring in World, factsheet number 202823, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202823.
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