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 automotive supplier Mann+Hummel will be cutting up to 300 jobs in Germany due to internal restructuring in 2019. The job reduction is part of a worldwide restructuring programme with the goal to save €60 million in order to be competitive in the long-term. This will include the loss of 1,200 jobs worldwide. According to the management, production is not affected. Management and works council have just started negotiations on a social plan and are confident to find a solution soon. Currently, Mann+Hummel has 20,000 employees worldwide.
Eurofound (2019), Mann+Hummel, Internal restructuring in Germany, factsheet number 97595, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97595.
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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