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 Austrian steel group Voestalpine has announced the reduction of up to 209 jobs at its vehicle parts site in Dettingen an der Erms (Baden-Württemberg), which currently employs around 650 people. The production area is primarily affected as part of the reorganisation of the five German sites.
The job cuts will take place in three phases by 31 May 2026 at the latest and include voluntary redundancies, compulsory redundancies, and the establishment of a transfer company. The restructuring is aimed at focusing the plant's technology on component assembly. Voluntary programmes and severance payments of 0.6 to 0.8 gross monthly salaries per year of employment are planned.
After initial criticism, an agreement was reached with IG Metall, the works council, and the employer on a reconciliation of interests, a social plan, and other measures. IG Metall and the works council expect fewer than 200 actual redundancies.
Voestalpine already announced the closure of the plant in Birkenfeld (Rhineland-Palatinate) in October 2024 Voestalpine - DE. The company employs around 50,000 people worldwide.
Eurofound (2025), Voestalpine, Internal restructuring in Germany, factsheet number 202689, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202689.
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