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.
As announced on 26 October 2025, the German automotive supplier Gestamp plans to cut 150 jobs in Germany. Twenty-five employees have already left the company voluntarily.
The reason given for the layoffs is the upheaval in the automotive industry. However, the union IG Metall criticised this claim harshly, noting Gestamp did not see a recent decline in orders, and the business is looking stable.
Unsurprisingly, the works council, the union, and the company were unable to reach an agreement even in the second round of negotiations. The planned job cuts mainly affect indirect areas such as logistics and research, but not production itself.
Gestamp employs 43,000 people worldwide.
Eurofound (2025), Gestamp, Internal restructuring in Germany, factsheet number 203853, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203853.