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.
German Schuler, a leading producer in the field of coin minting technology and of press lines for the automotive sector, announced plans to cut 600 global jobs. Out out these, 360 jobs shall be shed in Germany. Management intends to save 20% in labour costs, Frankfurter Allgemeine says. Negotiations with the works council are still running. There is no information when and where the job cuts will be implemented.
Eurofound (2009), Schuler, Internal restructuring in European Union, factsheet number 69032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69032.