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.
On October 8, print machine manufacturer Heidelberger Druckmaschinen announced the dismissal of 4,000 workers. The plan is a revision of an earlier announcement of 5,000 redundancies.
In 2008, Heidelberger Druckmaschinen, the leading manufacturer of printing machines, announced a restructuring progamme to save EUR 400 million by 2010/2011. The plan was said to involve the elimination of up to 5,000 global jobs (including 3,000 jobs in Germany).
On 8 October 2009, results of an agreements settled by management, works council and the metalworkers' union IG Metall became known. The 2008 cost saving programme is to stay, but 4,000 instead of 5,000 jobs will be cut. Management said that about planned 1,000 job cuts are compensated by reductions in agreed pay schemes and by flexibilized working time arrangements.
A social plan covers about 1,300 workers in Germany who may transfer to a job creation agency starting 1 March 2010. Another 200 workers are said to leave their jobs voluntarily. In total, about 2,800 jobs are cut in Germany. The remaining 1,200 jobs are located in distribution and service centres around the world (no precise information). Heidel Druck has been cutting jobs since the beginning of this year.
On 12 October 2009, negotiations concerning a merger of Heidelberger Druckmaschinen and Manroland failed. The plans were first pushed by Allianz Capital Partners, a German private equity of insurer Allianz holding 65% of Manroland and 12% of Heideldruck. Experts assume that the plans failed because of Heideldruck's business situation.
Eurofound (2009), Heidelberger Druckmaschinen, Internal restructuring in World, factsheet number 69677, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69677.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
