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.
The machine and plant builder SMS group plans to create 700 new jobs in 2008 worldwide, mainly for qualified engineers. As of May 2008, there is no information where the new jobs will be created. In 2007 the group employed 7,613 employees (two third of them working in Germany) and another 520 jobs were created in the company’s core business of metallurgical plant construction.
Dr. Heinrich Weiss, Chairman of the SMS group, said: “It is already clear that the exceptional boom in metallurgical plant construction will continue into its fourth year in 2008. Global steel production is expected to increase to 1.4 billion t over the year. We are especially pleased to see that this growth not only comes from the BRIC countries (Brazil, Russia, India and China) alone, but also from our customers in other regions of the world that are increasingly placing orders with us”.
Eurofound (2008), SMS Group, Business expansion in World, factsheet number 66587, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66587.
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