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.
Carl Zeiss, Germany’s leading optical and opto-technical company, is to cut 150 jobs in Germany in the microscopy department where currently 3,000 people are employed.
Microscopy has recently accounted for a turnover of 629 million euros, which is 15pc of the company’s total turnover. However, according to the management, the department is not profitable. In the coming three years, Zeiss wants to save a three-digit million euro sum. Job reductions shall be implemented in a socially acceptable manner, but operational dismissals are not excluded.
The 150 German jobs to be cut are part of the cost saving program which aims to cut 300 jobs worldwide. In total, Zeiss employs 24,000 people.
Eurofound (2014), Carl Zeiss, Internal restructuring in Germany, factsheet number 77850, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77850.