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.
German forklift manufacturer Jungheinrich has announced plans to cut around 1,000 jobs worldwide as part of a cost-saving strategy.
The restructuring would mainly affect multiple sites in Germany.
The Lüneburg plant in Lower Saxony is scheduled to be shut down entirely by 2027, affecting approximately 380 employees. Some workers, particularly in engineering, may be offered relocation to nearby offices. At the company’s headquarters in Hamburg, which employs around 1,200 people, job reductions are expected in the double-digit range. At the Norderstedt facility in Schleswig-Holstein, which currently employs around 1,500 people, estimates suggest that several hundred jobs could be eliminated.
Jungheinrich is attempting to cushion the impact of the layoffs through a voluntary redundancy programme. Negotiations with employee representatives are ongoing.
The company has 12 manufacturing sites and employs approximately 21,000 people globally as of the end of 2024.
Eurofound (2025), Jungheinrich, Internal restructuring in World, factsheet number 203170, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203170.