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.
Manufacturer of fridges and ovens Diehl Ako wants to cut jobs in order to remain competitive in a sector that is characterised by high margin pressure. After announcing the loss of 426 jobs at 3 factories in Southern Germany, the management has entered negotiations with trade union IG Metall which agreed to a longer working-week for Diehl's employees. In return, the management has agreed to cut fewer jobs than announced, that is 314 instead of 426.
Eurofound (2005), Diehl Ako, Internal restructuring in Germany, factsheet number 61999, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61999.