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.
In February 2006, Carl Zeiss, one of Germanys leading firms in the optical and opto-industries, announced to cut 400 jobs at its production location in Aalen, where it produces eye glasses and lenses. However, on 24 May 2005, Carl Zeiss announced to cut only 250 jobs instead of the planned 400. On 23 May 2006, Carl Zeiss also announced the creation of 150 jobs at its semiconductor production department (no mention on location). Business in the semiconductor production is expanding greatly.
On 21 July 2006 management and works council signed an agreement according to which 220 jobs will be cut until the end of 2007. 120 employees left the company by accepting a compensation payment. A further 40 jobs will be cut by avoiding direct dismissals. Finally it is expected that there will be 60 direct dismissals. In the future the company will employ 1200 employees at its Aalen site.
Part of the agreement concluded with the works council which has a duration until 30 September 2010 is that the company commits itself to keep at least 1020 jobs at the Aalen site.
Eurofound (2006), Carl Zeiss Vision GmbH, Internal restructuring in Germany, factsheet number 62986, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62986.
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