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.
On 23 September 2016, German manufacturer of turbo machines MAN Diesel & Turbo announced plans to cut 1,400 jobs worldwide. Mostly affected will be sites in Germany with 1,000 job cuts. Besides these job cuts, the new restructuring programme “Basecamp 3000+", intended to save €100 million and includes a strategic redirection of manufacturing sites. The company's site in Hamburg for example will in the future be specialising in the area of sales and after services. The site in Oberhausen will be manufacturing steam turbines and the site in Berlin will be focusing on producing components for turbo machinery.
MAN Diesel & Turbo will cut 140 jobs at its headquarters in Augsburg, 300 jobs in Berlin, 240 jobs at its sites in Hamburg and 240 jobs in Oberhausen. Another 80 jobs will also be lost but information on the affected site has yet to be released.
The management announced that the job cuts will be made as socially acceptable as possible and the aim is to avoid direct dismissals but there will be no guarantee for that. The German Metalworkers' Union (IG-Metall) and MAN's works council already announced negotiations of the job cuts in autumn 2016. Employee representatives already urged the company to use other instruments, such as short-time work and reduction of overtime hours, in order to balance out the weak order situation.
MAN Diesel & Turbo currently employs 7,196 people at its German sites and 14,900 people worldwide. In 2014, the company announced to cut 126 jobs in Germany (MAN Diesel & Turbo, 2014).
Update:
On 27 March 2017, the German manufacturer of turbo machines MAN Diesel & Turbo released an agreement reached between the German Metalworkers' Union, MAN's works’ council and the company's management. The number of planned job cuts has been reduced from the previously announced 1,400 to 900 worldwide. In Germany these figures have been reduced from 1,000 to 600. The affected job cuts will affect both production and management.
Furthermore, the agreement has ruled out any plant closures as well as compulsory redundancies.
The job cuts will be implemented until the end of 2018.
Eurofound (2016), MAN Diesel & Turbo, Internal restructuring in Germany, factsheet number 88647, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88647.
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