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.
R Stahl, a German product, system and service provider for explosion protection, will cut at least 120 jobs by the end of this year in Waldenburg, Weimar and Cologne. About half of these job cuts will affect temporary workers. In addition, the company will cut another 105 out of 2,000 jobs worldwide with the aim of recude cost.
The company generates about half of its turnover from the oil and gas industry but these industries have been suffering from low oil prices and thus investments in these segments have been reduced. According to the company, further 100 jobs may be at risk of redundancy. Currently, R Stahl employs 2,000 employees worldwide and 900 of these are working at its headquarter in Waldenburg.
Eurofound (2015), R Stahl, Internal restructuring in Germany, factsheet number 85138, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85138.
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