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.
The German machine tool manufacturer Trumpf is looking to hire 500 new employees worldwide. The group needs engineers, technicians and software developers, among others.
Trumpf is looking back on an excellent 2010-2011 fiscal year, increasing its sales by 51 percent. This brings the earnings of the company back on par with the earnings posted before the financial crisis. The company expects more growth to come. It has increased its number of employees to 8,550 on top of which it expects to hire another 500 employees worldwide.
Trumpf has production plants in Germany, Austria, China, Czech Republic, France, Great Britain, Japan, Mexico, Poland, Switzerland and the USA. Moreover, it has subsidiaries and branch offices in almost every European country, in North and South America and in Asia. The company is in the process of doubling its production capacity in China.
Eurofound (2011), Trumpf, Business expansion in World, factsheet number 72712, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72712.
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