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.
Mann+Hummel, a German automotive supplier, will cut 500 jobs in Germany. At the company headquarters in Ludwigsburg in Baden-Württemberg 275 out of 700 jobs in production will be lost. Currently 1,900 employees are working at the headquarter. According to the company this job reduction is due to price pressure and market saturation in Europe.
Moreover, 150 jobs will be cut in the company's plant in Bad Harzburg which in the future will focus on producing inlet manifolds and splash containers only. An additional 70 jobs will be cut in Sonnenberg. This site will focus on producing plastic injection parts. A severance programme will begin in October 2015 and last until March 2016.
Mann+Hummel is an automotive supplier and general engineering company founded in 1941. The company and its subsidiaries run more than 60 locations worldwide.
Update 13/04/2016: On 13th April, Mann+Hummel reported on the latest news of the restructuring measures in Ludwigsburg announced in summer 2015. According to the company, their severance programme ended in March 2016. According to the company, only 75 employees decided to leave the company via severance payment or partial retirement. Further 75 employees will leave the company due to the termination of temporary contracts, internal relocation or natural fluctuation. Therefore, 125 employees will become subject to compulsory redundancies in June 2016. Alternatively, affected staff can move to a transition company for a period of 12 months.
Eurofound (2015), Mann+Hummel, Internal restructuring in Germany, factsheet number 84417, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84417.
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