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 29 July 2016, German Railway Company Deutsche Bahn(DB) announced plans to create up to 1,200 new jobs for train drivers. The vacancies will be filled through new entrants and apprentices. The job creation is due to reduction of overtime of DB's workforce. Their train drivers have accumulated a total of 1.5 million hours of overtime which corresponds to about 80 hours per train driver. In the following days the company will negotiate with the train drivers union GDL about the collective agreement and further details about the overtime reduction. The union announced that between 800 and 1,000 train drivers are needed in Germany. Deutsche Bahn previously assured that 300 train drivers will be hired.
The latest announcement follows a series of restructuring measures at Deutsche Bahn and its affiliates in recent years:
Turnover of Deutsche Bahn increased by 1.1 per cent in the first half of 2016. In total, Deutsche Bahn currently employs some 293,000 employees.
Eurofound (2016), Deutsche Bahn , Business expansion in Germany, factsheet number 88404, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88404.
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