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 17 February 2017, Germany-based conglomerate Siemens announced to cut 330 out of 580 jobs at its site in Tübingen-Kilchberg by 2020. The company plans to relocate the assembling of motors to Mohelnice, Czech Republic. The relocation will be finished by the end of spring in 2020.
Management confirmed that they will work on a social plan aimed at supporting early retirement. Furthermore, there will be some possibilities to transfer to other plants and a further qualification programme. Negotiations with the works’ council will start shortly.
In 2016, Siemens announced to create up to 1,000 new jobs in Cuxhaven (Siemens, 2016), but also to cut 1,700 jobs at several sites in Germany (Siemens, 2016).
Siemens currently employs 113,000 employees in Germany.
UPDATE 16/08/2017: Instead of the 330 job reductions announced in earlier this year, Siemens now stated it will cut only 249 jobs at its site in Tübingen-Kilchberg over the next 4 years. Affected employees will be offered early or partial retirement options, transfers and cancellation agreements. In addition, remaining employees are obliged to invest two hours per week into further training (without pay compensation).
Eurofound (2017), Siemens , Offshoring/Delocalisation in Germany, factsheet number 90386, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90386.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
