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.
On 16 March 2016, Terex MHPS, producer of industrial mobile cranes, announced plans to cut some 160 jobs throughout Germany. According to the company, job cuts are due to the issues of global demand. Cost savings will affect plants in Wetter, Uslar, Düsseldorf and Würzburg. According to the management, redundancies will enhance the company's efficiency as well as its delivery time.
Employee representatives have been complaining about a lack of alternatives to these dismissals as well as an unfair course of action taken by the company. Terex MHPS (formerly Demag Cranes AG), headquartered in Düsseldorf, currently employs 5,711 employees.
Eurofound (2016), Terex MHPS, Internal restructuring in Germany, factsheet number 87378, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87378.
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