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.
Chip card producer Morpho Cards is to cut 252 out of 520 jobs by mid-2015. The staff reduction will affect the plant in Flintbeck with 109 out of 377 jobs. Production shall be partly relocated to the Czech Republic, India and Columbia. Moreover, the plant in Paderborn will be shut down and all 143 employees will be given notice.
According to the management, job reduction in Flintbeck is due to increasing pressure on prices and costs especially in the segment of SIM card production. In the future, research and development shall be concentrated in France which is the reason for the closure in Paderborn. Trade union IG Metall spoke about an "incomprehensible and disappointing" measure.
Flintbeck belongs to French Safran group which employs 8,600 people in 40 countries worldwide and recently ran a turnover of EUR 1,5 billion.
Eurofound (2014), Morpho Cards, Offshoring/Delocalisation in Germany, factsheet number 77959, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77959.
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