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.
PSW automotive engineering, a German subsidiary of Audi, announced to cut about 30% of its workforce of 1,000, accounting to approximately 300 job cuts. About a third of these job cuts are due to the expected closing of the company’s location in Neckarsulm, where the company employs around 100 workers . This plan was announced by the management on 23 October 2025.
The firm attributes the closing to the parent company Audi, which is severely affected by the automotive industry crisis. Audi is confronted with declining sales while facing increasing costs.
The company does not intend to carry out any operational redundancies. The work council and IG Metall plan negotiations in the next few weeks. The trade union aims to preserve the jobs and the site in Neckarsulm.
PSW has 1,000 employees in total: about 900 in Gaimersheim and 100 in Neckarsulm.
Eurofound (2025), PSW automotive engineering, Internal restructuring in Germany, factsheet number 203602, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203602.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
