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.
Technology company Siemens will restructure part of its wind energy business as orders of wind wheels have failed to meet expectations. The restructuring will affect two establishments at Voerde, a small city in North Rhine-Westfalia. Winergy, a Siemens subsidiary currently employing a staff of 450 will lose 40 manufacturing jobs. Another 40 manufacturing posts will be cut at a Siemens manufacturing plant which currently employs 810 persons. This plant will additionally lose 70 administrative jobs by natural attrition.
Eurofound (2012), Winergy, Siemens, Internal restructuring in Germany, factsheet number 73459, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73459.