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.
Rohde, a German shoe manufacturer, has announced the loss of 196 jobs at its unit at Santa Maria da Feira as a result of a decline in orders. The unit currently employs 1,200 workers. The restructuring will affect mainly the production department and, to a less extent, administrative services and management. The restructuring plan was discussed by the company board, IAPMEI (Institute for the Support to Small and Medium Enterprises and Innovation) and the sector trade union. According to the trade union representatives this redundancy plan will allow avoiding the closure of the unit. Rohde informed that dismissed workers will receive compensation payments in a phased way by the end of the year.
Rohde has been going through financial difficulties and accumulated debts towards Social Security. The future of the unit is still under review in Germany.
Eurofound (2008), Rohde, Internal restructuring in Portugal, factsheet number 66864, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66864.
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