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.
Bad Neustadt (Germany), United States, Mexico, Portugal, Romania
Sector
(10 - 33) Manufacturing (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
300 jobs Number of planned job creations
Announcement Date
7 May 2012
Employment effect (start)
Foreseen end date
Description
Automotive electronics manufacturer Preh, a Joyson subsidiary headquartered in Bad Neustadt, Germany, has announced planned job creation of 300 jobs in 2012. The company is planning to create 100 jobs in Bad Neustadt, and 200 jobs at the Preh sites in the US, in Mexico, Portugal and Romania - and in China where Preh started production in 2011, and plans to extend production in 2012.
Preh, which mainly produces automotive climate control systems and car-driver operating systems, increased its workforce from 2,420 to 2,817 in 2011.
Sources
7 May 2012: Main Post
Citation
Eurofound (2012), Preh, Business expansion in World, factsheet number 73771, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73771.
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...