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.
Chemical company Huntsman is to cut 527 out of 1,144 jobs at its German subsidy Sachtleben. The reduction will affect both plants in Homberg and Uerdingen with 353 and 174 staff.
US-company Huntsman has acquired Sachtleben two months ago in October 2014. The works council was shocked by the announcement and wants to negotiate the extent of the job reduction. Huntsman is a worldwide operating chemical company employing around 12,000 people.
Eurofound (2014), Sachtleben, Merger/Acquisition in Germany, factsheet number 77960, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77960.