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.
German fertiliser and salt producer K+S will be cutting 100 jobs at its plant in Herringen (Werra) by the end of 2021 due to internal restructuring. The job reduction is part of a larger restructuring programme called ‘Shaping 2030’ to make the company more efficient and profitable. The goal is to optimise processes. According to management, K+S will try to avoid compulsory redundancies and achieve the job reduction by natural fluctation.
Currently, K+S has 4,400 employees at its plant in Herringen (Werra).
Eurofound (2020), K + S , Internal restructuring in Germany, factsheet number 100340, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100340.
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