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.
German automotive and defense equipment supplier Rheinmetall will close its site in Nettetal (North Rhine-Westphalia) and thus make 100 people redundant. The company suffers from low demand resulting from reduced government spending on defense. In total, Rheinmetall employs 21,700 people, about the half of them in Germany. In Nettetal, 400 people are employed and 300 of them shall be relocated to the new head office in Neuss (North Rhine-Westphalia), where 1,600 people will work in future. The company aims to avoid forced redundancies. In November 2012, Rheinmetall had already announced to cut 200 jobs in Germany, most of them in Kassel (Hesse) and Kiel (Schlewsig-Holstein) (please see here).
Eurofound (2013), Rheinmetall, Relocation in Germany, factsheet number 75182, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75182.
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