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.
Works council sources reported that Mahle, the automotive component manufacturer, is planning to cut 615 jobs at its Alzenau, Lorch, Markgroningen and Ohringen sites. This announcement comes as a part of a package of planned cost-saving measures, through which the company aims to achieve a return on capital of 17%. Further possible steps under negotiation are reported to be reductions in salaries and bonuses and the scrapping of additional pay for overtime. Mahle counts around 35,000 employees altogether, including 9,000 in Germany.
Eurofound (2005), Mahle, Internal restructuring in Germany, factsheet number 61187, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61187.