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.
Alstom Grid Messwandler, a manufacturer of instrument transformers, has decided to relocate production from its unit in Ludwigslust to Kassel by April 2016 cutting 110 jobs.
The closure of Ludwigslust site affects 200 people. 90 of them will be offered new jobs in Kassel, so that 110 jobs will be cut in total. According to the production manager, the closure was necessary due to a decrease of production volume. The company has also lost one of its main clients.
The company is a subsidiary of Alstom, a French energy and transport company employing around 93,000 people worldwide, 8,600 of them in Germany.
Eurofound (2015), Alstom Grid Messwandler, Relocation in Germany, factsheet number 79167, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79167.
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