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.
The German wind energy group Siemens Gamesa has announced it will cut 213 jobs in Germany by November 2019 due to internal restructuring. Mainly affected will be the sites in Hamburg and Bremen. However, an exact distribution of job cuts has yet to be announced. Job reductions will be as socially acceptable as possible. Furthermore, Siemens Gamesa will try to avoid operational terminations.
In 2017, Siemens Gamesa had already announced the loss of 6,000 jobs worldwide, which is a quarter of its total global workforce (24,000).
Currently, Siemens Gamesa has 1,900 employees in Germany.
Eurofound (2018), Siemens Gamesa, Internal restructuring in Germany, factsheet number 93884, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93884.
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...
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