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.
Mitec Automotive, manufacturer of parts for motor engines and vehicles based in Eisenach, announced it will cut 160 jobs (120 permanent employees and 40 temporary employees) due to internal restructuring. According to Mitec, the cuts are a response to changes in market demand. Job reductions will be implemented across Mitec's sites in Germany, however, a detailed plan is not yet made public. In the meanwhile, management and employee representatives have agreed a socially acceptable plan, which includes a voluntary programme that aims to find Mitec Automotive employees new jobs.
Mitec Automotive employs approximately 1,000 people, mostly in Eisenach but also in China and the US.
Eurofound (2018), Mitec Automotive, Internal restructuring in Germany, factsheet number 93163, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93163.
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