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.
Automotive supplier Automotive is to cut 80 jobs in Osnabruck (Lower Saxony). The job cuts are mainly to affect RD, sales and the purchasing department. The initiative is due to weak sectoral demand.
Talks with worker representatives have been announced.
Valmet is based in Finland, employing 400 staff in Osnabruck. In 2010, the company had acquired the production plant in Osnabruck from the bankrupt Karmann.
Eurofound (2013), Valmet, Internal restructuring in Germany, factsheet number 76203, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76203.