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 software company SAP has announced plans to cut 2,250 jobs worldwide. According to German media reports, the company’s European sites will be disproportionately affected by the cuts, with approximately 1,600 of 30,000 jobs in Europe to be lost. SAP excludes involuntary redundancies in Europe. Works council representatives report that 700 employees are to take early retirement, while 900 are expected to take voluntary redundancy; SAP refused to comment on these numbers. Five divisions will reportedly be subject to cuts, including product & innovation and global service & support.
SAP is to simultaneously create approximately 2,200 jobs in growth areas.
The cuts follow a similar reduction in 2014 as the company reorients its business towards web-delivered software.
Eurofound (2015), SAP, Internal restructuring in World, factsheet number 83100, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83100.