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.
Hessen; Darmstadt; Frankfurt am Main, Kreisfreie Stadt
Location of affected unit(s)
Frankfurt
Sector
(94 - 96) Other Services 94 - Activities of membership organisations 94.2 - Activities of trade unions 94.2 - Activities of trade unions
125 jobs Number of planned job losses
Announcement Date
22 November 2010
Employment effect (start)
22 November 2010
Foreseen end date
22 November 2014
Description
On 22 November 2010, the daily Die Welt reported that the union IG Metall, i.e. the German Metal Workers' Union, will cut 125 jobs at its headquarters in Frankfurt am Main. Job cuts are to be implemented by natural fluctuation, such as (partial) retirements. The union announced to restructure its organisation and the staff reduction is to take place within the next four years.
Sources
22 November 2010: Die Welt
Citation
Eurofound (2010), IG Metall, Internal restructuring in Germany, factsheet number 71286, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71286.
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