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 19 September 2017, the German plastic and rubber material manufacturer Contitech Techno-Chemie, announced it will cut 160 jobs in Klein Karben over the next 5 years due to internal restructuring. Company representatives argue that job reductions are necessary due to a decrease in orders in the last years, which is expected to continue throughout the next years. The measures will make the factory in Klein Karben more competitive and sustainable for the future. Management, trade unions and the works council will start negotiating a social plan shortly.
Currently Contitech Techno-Chemie has 680 employees in Klein Karben and is part of the Continental group.
Eurofound (2017), Contitech Techno-Chemie, Internal restructuring in Germany, factsheet number 92140, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92140.
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