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 German tool manufacturer Mapal is cutting 230 of around 1,600 jobs at its site in Aalen (Baden-Württemberg).
The reason for the job cuts is the ongoing crisis in the automotive industry; the restructuring will begin in spring 2025 and includes a social plan, a voluntary redundancy programme and the establishment of a transfer company.
Many employees accepted voluntary redundancy agreements or a transfer to the transfer company, meaning that only a few redundancies had to be announced.
The IG Metall trade union critically monitored the process and called for a viable concept for the future. Mapal is an internationally active precision tool manufacturer based in Aalen and employs over 5000 people in 25 countries worldwide.
Eurofound (2025), Mapal, Internal restructuring in Germany, factsheet number 202977, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202977.