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 multinational steel company ThyssenKrupp announced its plan to cut 1,500 jobs in Germany. This is due to severe losses in the last quarters. Most of the job reduction measures will focus mainly on ThyssenKrupp’s administrative center in Essen. Job cuts will be implemented without forced redundancies.
The restructuring in Germany is part of a larger cost-cutting plan (see ThyssenKrupp- WO2013b). For previously announced restructurings in Germany see ThyssenKrupp-DE2012a, ThyssenKrupp-DE2012b, ThyssenKrupp-DE2006a, ThyssenKrupp-DE2006b, ThyssenKrupp-DE2005a and ThyssenKrupp-DE2005b.
Eurofound (2013), ThyssenKrupp, Internal restructuring in Germany, factsheet number 75444, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75444.
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