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 December 2016, German testing technology company Testo announced to create 135 new jobs throughout 2017. Job creation will mainly take place in Tittisee-Neustadt. The company wants to expand its business and therefore plans to invest €30 million.
In 2016, the company’s turnover had increased by around 7%. Especially its technical testing solutions division and the subsidiary Testo Industrial Services, which provides a special kind of mapping of measurement instruments, were in strong demand.
A total of 80 out of the planned 135 jobs will be located at Tittisee-Neustadt, Lenzkirch and Kirchzarten. Testo currently holds 32 subsidiaries and employs around 1,360 employees in Germany and around 2,500 employees worldwide.
Eurofound (2016), Testo , Business expansion in Germany, factsheet number 89746, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89746.
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