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.
On 28 June 2012, solar wafer manufacturer Schott announced to close down great parts of its photovoltaic division. In Germany, 220 job will be affected at Schott's headquarters in Mainz and at its site in Alzenau.
In total, the restructuring will lead to 870 job cuts out of 1,100 jobs worldwide. Job cuts are due to losses. The company seeks to realize the downsizing in a socially acceptable manner.
Eurofound (2012), Schott, Internal restructuring in Germany, factsheet number 73829, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73829.