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.
Volkswagen, Europe's largest producer of cars, announced to dismiss 600 temporary agency workers at their German site in Zwickau by June 2016. The company did not name any reasons, however the works council referred to the new strategy for the Phaeton model and to the emissions scandal as a reason for the job cuts. The bodywork of the model is manufactured in Zwickau and production will probably end in 2016. According to IG Metall, the production at the site will be stopped for four weeks in 2016. Therefore 8,500 employees are forced to take a holiday.
The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers which currently employs 592,586 employees worldwide.
Eurofound (2015), Volkswagen, Internal restructuring in Germany, factsheet number 86243, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86243.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
