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.
Kiekert AG, a manufacturer of electrical components for major automobile companies announced the reduction of 250 jobs and the relocation of new production programs to Mexico and the Czech Republic. By 2009, jobs in Germany will be reduced from 1,600 down to 1,350. Cost cutting pressures by car manufacturers are given as a reason. The company belongs to the private equity fund Permira.
Eurofound (2006), Kiekert AG, Offshoring/Delocalisation in Germany, factsheet number 63310, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63310.