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 Germany-based tobacco manufacturer Reemtsma announced it will 159 jobs in Langenhagen within the next two years. According to Reemtsma, cuts are inevitable, as the new EU-regulation ‘Track and Trace’, will significantly increase the workload and costs to produce for non-EU-markets. Management and works council have started negotiations regarding a social plan. The Trade Union of Dood, Beverages, Tobacco, Hotel and Catering and Allied Workers (NGG) blames EU and German policy for the job reduction.
As of July 2018, Reemtsma has 880 employees in Langenhagen.
Eurofound (2018), Reemtsma, Internal restructuring in Germany, factsheet number 94672, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94672.