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.
Airbus announced to cut 1,162 jobs worldwide due to a restructuring plan. A total of 429 out of 1,162 job cuts will take place in Germany. Mainly affected will be the company's site in Ottobrunn near Munich. The restructuring includes merging with the subsidiary into the Airbus group, which is responsible for the production of passenger jets. Furthermore, the company plans to transfer its headquarter from Paris and Ottobrunn to Toulouse. Due to this relocation, 325 jobs will be transferred from Paris and Ottobrunn to Toulouse. These 325 jobs are not included in the above number of job cuts .
Airbus is negotiating with the social partners about the next steps and wants to come to an agreement by mid-2017. The company already explained that voluntary departures and early retirements will be part of the measures.
For more details about the Airbus-job cuts in Europe, see (Airbus Group, 2016). Already in 2014 the company cut 2,400 jobs, see (Airbus Defence and Space, 2014). Airbus Group currently employs 136,000 employees worldwide.
Eurofound (2016), Airbus , Merger/Acquisition in Germany, factsheet number 89302, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89302.
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