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 27 December 2016, German civil and industrial engineering specialist Bilfinger announced to cut 60 out of 280 jobs in the administration department at its headquarter in Mannheim. The company wants to implement the job cuts mainly through a voluntary redundancy programme.
The management seeks to stabilise the company, partly through selling business divisions over the past months. Through the sales, the company has become smaller and will therefore need fewer administration staff.
Bilfinger already went through several waves of restructuring in the last years in Germany, see ( Bilfinger, 2015), ( Bilfinger, 2014 ) and ( Bilfinger, 2014 ). Bilfinger currently employs 42,150 staff worldwide.
Eurofound (2016), Bilfinger, Internal restructuring in Germany, factsheet number 89696, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89696.