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 technology group Körber has announced plans to cut 800 jobs wordwide in its cigarette machinery unit. It is foreseen that around a third of the job losses will take place in international locations, with the remaining job cuts concentrated in Germany. In Germany, it is expected that the job reductions will affect 500 workers at the plant in Hamburg-Bergedorf and around 100 at the plant in Schwarzenbek. The company said that this measure was due to the decreasing cigarette consumption worldwide and the enforcement of increasingly strong regulation in the sector, including in strategically important markets such as China and Latin America. The final scope and the timescale for announced job reductions will be agreed in the pending negotiations between the company and the employee representatives. The company currently employs 12,000 people worldwide, 4,600 of them in its tobacco division.
Eurofound (2015), Körber, Internal restructuring in World, factsheet number 83734, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83734.
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