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.
Philip Morris International (PMI), a multinational tobacco company, is closing its cigarette factory in Dresden (Saxony), resulting in the loss of around 220 jobs. The measure primarily affects production workers who have been manufacturing fine-cut tobacco for the European market.
The closure is being justified by the declining demand for tobacco products in Europe. Tobacco production in Dresden will end at the end of July 2025.
Socially acceptable solutions are planned, such as severance payments, early retirement schemes and the establishment of a transfer company (approx. 40 employees) to offer further training and job application support. A job exchange has already been organised, and some employees are transferring to other PMI locations or local companies.
The NGG trade union and the works council criticised the site closure but negotiated a social plan that both sides consider ‘very good’. Despite protests, the closure could not be prevented.
PMI is headquartered in Switzerland and employs around 79,000 people worldwide.
In 2019, Philio Morris closed a production site in Berlin Philip Morris Tobacco 2019 - DE.
Eurofound (2024), Philip Morris, Closure in Germany, factsheet number 203108, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203108.
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