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 March 4, 2013, German furniture manufacturer Hülsta will cut 180 jobs in Stadtlohn and Ahaus. This is due to a plan to increase efficiency. There will also be investments in the further automatisation of processes.
In total, Hülsta employs 1,260 people. The company announced talks with worker representatives.
Updated, 05-05-2014: As reported 125 jobs are lost instead of 180 jobs. This is the result of negotiations with the works' council and the union. Management and employee representatives had negotiated a new company agreement which made this step possible. Job reduction was realised by not prolonging fixed-term contracts, voluntary leaves and early retirement options.
Eurofound (2013), Hülsta, Internal restructuring in Germany, factsheet number 75050, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75050.
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