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.
Engineering service provider IAV, active in the automotive sector, has announced that it will cut 1,500 jobs in Germany.
The reasons cited for the downsizing include economic weakness in Europe, structural change in the automotive industry, and a cost structure that is not competitive internationally. The company stated that the objective is to bolster its competitive position and transition from a domestically focused development service provider to a globally active technology partner.
The union IG Metall fears that the Stollberg site in Saxony could be particularly affected. Around 800 employees currently work there.
IAV employs 5,500 people in Germany and 6,600 worldwide. Volkswagen holds a 50% majority stake in the company.
In 2024, IAV had already cut 2,000 jobs in Germany IAV 2024 - DE.
Updated, 16/06/2026 IAV has reduced its planned job cuts from 1,500 to 1,400, with most of the reductions expected to take place in Berlin. The company plans the full closure of its Düsseldorf site. Its Berlin site is scheduled to close by 2027 with a small core team remaining. The rest of the employees are offered to relocate to the company's Giffhorn site. According to the company, the job cuts are intended to streamline operations and better align the organisation with shifting market conditions. The trade union IG Metall has announced plans to protest against the decision.
Updated, 11/08/2026 IAV has increased the scale of its planned workforce reduction. The company announced the elimination of 2,000 positions in August 2026 from a workforce of approximately 5,000 employees. As the headcount had already fallen from around 5,500 to 5,000 employees, the total number of job cuts, including those announced previously, amounts to up to 2,500 positions.
IAV and IG Metall have also agreed on a social plan. The agreement includes targeted employee outreach measures and voluntary redundancy programmes. Compulsory redundancies have been ruled out until the end of 2028.
Eurofound (2026), IAV, Internal restructuring in Germany, factsheet number 204329, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204329.
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