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.
As announced on 19 January 2012, German manufacturer of printing presses Manroland will cut about 2,200 of 4,700 jobs in Germany. In Augsburg, where currently 2,200 people are employed, 700 jobs will be cut. Additionally, 1,000 out of 1,750 employees in Offenbach and 527 out of 823 employees in Plauen will lose their jobs.
Manroland, which filed for insolvency in November, reported that the Augsburg site will be taken over by German Possehl-Group. Manroland named the internet boom and price pressure as reasons for the insolvency. Former negotiations with a potential investor have not been successful.
Manroland has around 6,500 employees.
As reported, Germany has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2012), Manroland, Internal restructuring in Germany, factsheet number 72997, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72997.