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.
Swiss food producer Nestle announced to close down its German site in Mainz. A total of 380 employees and 25 apprentices will be affected by this decision while Nestle management wants to move production to Schwerin (Mecklenburg) in order to save costs. In 2013, Nestle opened the new production site in Schwerin and therefore created 450 jobs (see 07.2013).
The management however seeks a socially acceptable solution including the option for some employees to work at other Nestle sites in Germany. In addition, the company wants to set up a transfer agency. However, Nestle and the works council still need to negotiate a plan for the job reduction scheme. Nestle currently employs around 339,000 staff worldwide.
Eurofound (2016), Nestle, Closure in Germany, factsheet number 86856, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86856.