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.
At the Siemens factory for transformers in Nuremberg 200 jobs shall be cut until the end of 2009. Originally all 800 jobs were to be lost, as Siemens was planning to close the factory. Workers' representatives conceded cuts in the christmas gratification and agreed to a more flexible work schedule in order to prevent off-shoring of Siemens' transformer production.
Eurofound (2005), Siemens, Internal restructuring in Germany, factsheet number 61743, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61743.