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 multinational steel company ThyssenKrupp announced its plan to eliminate 3,000 of its 15,000 administrative positions worldwide over the next three years. According to the company, these job reductions will help to increase its efficiency and transparency.
The majority of the job cuts will be carried out in Germany where the headcount will be reduced by 1,500 staff (see ThyssenKrupp- DE2013). The job reduction measures will focus mainly on ThyssenKrupp’s administrative centre in Essen, Germany. The company plans to work closely with employee representatives, trying to avoid involuntary redundancies.
Information on where the remainder of the job cuts will be carried out has yet to be published.
ThyssenKrupp announced large scale job reductions last February (see ThyssenKrupp-2013a).
Eurofound (2013), ThyssenKrupp, Internal restructuring in World, factsheet number 75383, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75383.