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.
The Terex Cranes Germany GmbH, a German producer of industrial mobile cranes, plans to cut 200 jobs by 2014. This is due to the continuing difficult economic situation. The industrial union "IG Metall" has the opinion that this measure is due to mismanagement. Furthermore the management wants to negotiate a new employment contract.
Terex Cranes Germany GmbH is a subsidiary of Terex and had in 2013 1850 employees.
Update, 13 November 2013: According to new sources, job cuts are to affect the Terex sites in Zweibrücken (Rhineland-Palatinate) and Blieskastel (Saarland). Furthermore, dismissals have been reduced from 200 to 120.
Eurofound (2013), Terex Cranes, Internal restructuring in Germany, factsheet number 75609, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75609.
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