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.
Voith Group, the German engineering and plant manufacturing company, has announced plans to cut up to 2,500 jobs worldwide.
The measure will primarily affect employees across Germany, but more detailed information on the scale of restructuring in the country is not yet available. A formal information and consultation process with employee representatives is to be launched in the coming weeks. Germany is expected to play a central role in the restructuring programme, as the company points to high energy and labour costs, complex regulation and bureaucracy as key structural challenges.
The cuts are part of a broader strategic and organisational review aimed at improving competitiveness, simplifying structures and securing long-term sustainability. The company is engaged in formal information, consultation and participation procedures with employee representatives. Management has publicly stated that decisions regarding individual sites or functions will only be made after the consultation process.
Founded in 1867, Voith operates in more than 60 countries and supplies technologies for sectors including energy, paper, rail and marine industries. The company employs about 22,000 employees worldwide. Across Europe, the group employs about 14,000 employees.
Eurofound (2025), Voith Group , Internal restructuring in World, factsheet number 203867, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203867.