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.
Schwan-STABILO, manufacturer of cosmetics pencils and writing instruments, announced its plan to shift nearly a third of its German workforce to the Czech Republic in the next three years, in a cost-cutting drive. Around 400 jobs from the 1,400-strong workforce at the group's factory in Heroldsberg near Nuremberg would be relocated to the Czech Republic by 2008. The first 100 jobs would go in the second half of this year. Negotiations with unions and employee representatives over longer working hours and a reduction in bonuses for Saturdays and night shifts had failed, making job cuts inevitable. Compulsory layoffs would be avoided where possible through internal transfers or retraining. Chairman Griebel blamed the move on increased competition from rivals in Asia. At the end of June, Schwan-STABILO employed 2,900 people worldwide.
Eurofound (2005), Schwan STABILO, Offshoring/Delocalisation in Germany, factsheet number 61207, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61207.