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.
Alanod, global leader in high reflective surface-finished aluminium coil, announced plans to cut 130 jobs by the end of 2016. According to the management dismissals have become necessary due to massive decline in order volumes and the production of aluminium reflectors, the company’s core business, is suffering from rapid development of LED technology. To ensure that Alanod remains an industry leader, the company will focus future development on design and technical products and the solar sector.
Job cuts will involve all areas of the company. Negotiations with the works’ council are still in its early stages, however, the executive board wants to reach an agreement as soon as possible. Compulsory redundancies cannot be avoided.
Alanod, headquartered in Ennepetal-Oelkinghausen (North Rhine-Westphalia), currently employs 450 staff worldwide and a total of 355 in Germany.
Eurofound (2016), Alanod, Internal restructuring in Germany, factsheet number 86986, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86986.
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