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 11 May 2017, Siemens, German electronics and electrical engineering company announced plans to cut up to 2,680 jobs in Germany within the next years. The restructuring includes a creation of some 9,000 jobs within the same timeline.
A total of 1,730 out of the affected jobs will be cut in the company's IT department and the Digital Factory Division. Another 950 jobs will be outsourced to external service providers. At the division Mobility, which is responsible for railway technology, 300 jobs will be cut in Krefeld due to high competition in this business sector. Furthermore, Siemens Professional Education plan to streamline their competence resulting in further 180 job cuts.
However, Siemens wants to avoid compulsory redundancies and seeks to implement these measures as socially acceptable as possible. Negotiations with the company's works council will start shortly. Siemens is aiming to fill the 9,000 vacancies with as many of the affected employees as possible. To implement these measures, the company offers further qualifications for their employees. Siemens has yet to release further information about these vacancies.
For the latest restructuring see: Siemens, 2017; Siemens, 2016 and Siemens, 2016. Siemens currently employs about 113,000 employees in Germany and 351,000 worldwide.
Eurofound (2017), Siemens , Internal restructuring in Germany, factsheet number 90927, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90927.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
