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.
Zumtobel, Austrian manufacturer of lighting technology, will cut 70 out of 525 jobs at its German plant in Lemgo. The company wants to reduce the production volume in Lemgo in order to become more competitive.
According to the company's works council Zumtobel employees are afraid of the restructuring and want to further negotiate. The company’s turnover has increased by four percent during the first nine months of the current business year.
The job cuts are part of a broader restructuring programme at Zumtobel. Currently, the company employs around 7,100 people worldwide.
Eurofound (2015), Zumtobel, Internal restructuring in Germany, factsheet number 78770, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78770.
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