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.
Construction Specialised Construction Activities Specialised Construction Activities 43 - Specialised construction activities
70 jobs Number of planned job losses
Announcement Date
15 July 2014
Employment effect (start)
15 July 2014
Foreseen end date
Description
On 15 July 2014, constructor of production sites M+W Germany announced its plans to cut 70 jobs, mainly at its site in Stuttgart. Currently, 300 people work for M+W Germany. The company plans to implement the job reduction by early retirement or offering alternative positions within the M+W Group. The management named decreasing assignments as the main reason; their number shrank by 15 p.c. between 2012 and 2013.
M+W Germany belongs to the M+W Group which currently employs 1,000 people at four subsidiaries in Germany.
Sources
15 July 2014: Stuttgarter Zeitung
Citation
Eurofound (2014), M+W Germany, Internal restructuring in Germany, factsheet number 77368, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77368.
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