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 Hager Group, a German manufacturer of electrical installation equipment, announced 150 redundancies at its Saverne site in France. The site, which produces home-automation products such as wall-mounted devices, programmable timers and control systems, employs around 300 workers. It will close as part of the group’s plan to reorganise its building automation activities. The other 150 employees are expected to be redeployed to Hager’s sites in Bischwiller and Obernai by the end of 2023. Also, production, logistics and supply chain activities will be gradually reduced in Saverne by the end of 2023.
Eurofound (2021), Hager, Relocation in France, factsheet number 203560, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203560.