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.
Bonava, a Swedish residential developer, announced plans to cut approximately 300 jobs in its German operations as part of an internal restructuring aimed at strengthening long-term competitiveness. This is part of a broader restructuring event involving a total of 400 positions, with the remaining 100 being reduced in Sweden and Finland.
The company said the cuts would start early 2025 and will bring annual cost savings of about SEK 400 million.
The restructuring focuses on reducing overheads across the German organisation, which is one of the country’s largest residential developers.
Staff reducation will happen after the discussion with trade unions are concluded.
In 2023, the company employed around 1.000 employees in Germany.
In 2017, the company announced the creation of 200 new jobs in Germany: Bonava 2017 - DE.
Eurofound (2023), Bonava, Internal restructuring in Germany, factsheet number 301363, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301363.
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