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.
In December 2010, the management and works council of Manroland, a major manufacturer of printing machines, implemented a social plan which would cut 500 jobs and transfer 300 workers to a service company by 31 December 2012. Manroland employs a staff of about 2100. The job cuts will primarily hit the administration and shall involve 250 direct dismissals.
Manroland, which was a subsidiary of truck manufacturer MAN and is held by the investment company Allianz Capitals, has been affected by the rise of the internet and the decline of the printing market. Negotiations to merge with competititor Heidelberger Druck failed.
Eurofound (2010), Manroland, Internal restructuring in Germany, factsheet number 71691, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71691.