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 January 2017, German manufacturer of printing machines Manroland Web Systems announced its plan to outsource 280 positions by June 2017. The new subsidiary will be responsible for the mechanical and sheet metal production, surface technology and switch cabinet construction.
The company has been struggling over the last years and in 2011 filed for insolvency. Manroland split into Manroland Web Systems and Manroland sheetfed and was bought by the British Langley Holding.
Already in 2014, Manroland cut 225 jobs due to the bad economic situation (Manroland, 2014). The German Metalworkers’ Union announced protest due to worries about a possible sale of the outsourced company.
The company reached a turnover of €242 million in 2016 and a profit before interest and tax of €6,5 million. Manroland currently employs around 1,100 people.
Eurofound (2017), Manroland Web Systems , Outsourcing in Germany, factsheet number 90350, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90350.
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