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.
Heideldruck, the leading German manufacturer of printing machines, is the first Germany company to receive public guarantees from the steering council of the German 'Economy Fund', the fund for large company cases set up as part of the economic stimulus packages. Management and works council have started to work on a restructuring plan that currently includes the cutting of 5000 jobs. Out of these 3000 jobs shall be shed in Germany In production about a 20 per cent of all jobs in production shall be cut; about a quarter or one third of all administrative jobs are planned to be axed. Currently, the company employs a total of 20000 persons. There is no precise timeline yet.
Eurofound (2009), Heideldruck, Internal restructuring in European Union, factsheet number 68948, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68948.