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.
US-based beverage company Coca Cola announced plans to close several of its sites in Germany. The company plans tol cut 550 jobs throughout the country. Affected sites are located in Berlin (Hohenschoenhausen), Bremen, Oldenburg and smaller sites in the states of Baden-Wuerttemberg, Mecklenburg-Western Pomerania and Saxony-Anhalt.
A total out of 320 job cuts will take place at the company's site in Bremen as well as 140 job cuts in Berlin. The bottling plants and logistic centres will be closed until July 2016. While 75 jobs in logistics will remain in Berlin, jobs cuts in Baden-Wuerttemberg will mainly affect employees in this area. Three out of six sites will be closed in Baden–Wuerttemberg.
According to the company job cuts are due to internal restructuring with the company seeking to become more competitive through streamlining its production network. The company seeks to offer alternative employment to affected employees alternative jobs as well as the option of partial retirement or severance payments. Executive board and the works’ council are currently negotiating severance packages.
Headquartered in Atlanta, Coca Cola currently employs around 9,500 staff in Germany and over 770,000 employees worldwide.
Eurofound (2016), Coca Cola, Closure in Germany, factsheet number 86633, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86633.
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