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.
Producer of mining vehicles Caterpillar is to cut up to 300 jobs in Germany. The restructuring is mainly to affect Lunen (North Rhine-Westphalia), but also Wuppertal, Hamm (both North Rhine-Westphalia) and Saarbrucken (Saarland).
According to the sources, the initiative is due to a severe drop in orders that will affect the company from mid-2014.
The company aims to avoid forced redundancies. Worker representatives have shown themselves disappointed with the management’s decision and called for alternative plans to the redundancies.
Caterpillar employs between 1,300 and 1,400 staff at the affected sites, about 1,200 of them in Lunen. The company is a subsidiary of US-based Caterpillar group. For further restructuring at Caterpillar see Caterpillar (2013).
Eurofound (2013), Caterpillar, Internal restructuring in Germany, factsheet number 76076, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76076.
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