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 October 25, 2012 ThyssenKrupp subsidiary ThyssenKrupp Bilstein Suspension will cut 175 jobs in Olpe and Hagen, North Rhine-Westphalia.
The measures are said to be necessary to avoid the disposal of ThyssenKrupp’s spring and buffer section. 65 people will be made redundant in Lütringhausen/Olpe, 110 in Hohenlimburg/Hagen. The company aims to avoid forced redundancies, but did not rule them out. Additionally, weekly working time will increase from 35 to 39.5 hours.
Eurofound (2012), ThyssenKrupp Bilstein Suspension, Internal restructuring in Germany, factsheet number 74401, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74401.
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