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 automotive supplier Benteler intends to cut 500 positions in Germany and another 1,300 internationally - most of these in Europe. Benteler employs a global workforce of 22,000. It is reported that the management claims these measures are due to strong global competition.
In Germany, the job cuts will affect administrative, marketing and research/development units. Manufacturing jobs are set to stay. Negotiations with the works council have not started yet, therefore the timeline of restructuring is not yet known.
Update 03-05-2013: Benteler clarified its plans and announced that in its section "OWL", 399 jobs will be cut; 310 of them are now located at its main site in Paderborn (North Rhine-Westfalia). Additionally, it is reported that the majority of the job cuts will be implemented in a socially acceptable way.
Eurofound (2013), Benteler, Internal restructuring in Germany, factsheet number 74876, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74876.