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.
Demag Cranes, a leading German producer and supplier of industrial cranes and port automation technology, announced plans to cut 750 jobs. Out of these 250 jobs shall be shed at Demag's subsidiary Gottwald, a manufacturer of port cranes located in Düsseldorf, and another 250 at subsidiary Demag Cranes & Components in Germany. There is no information on where the remaining 250 jobs shall be cut outside of Germany. No timeframe is given.
Negotiations with the works council have just begun.
Eurofound (2009), Demag Cranes, Internal restructuring in European Union, factsheet number 68928, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68928.