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 26 May 2017, the producer of heavy load transport vehicles Transporter Industry International (TII) announced it will be cutting some 200 jobs in Germany. The affected sites are Pfedelbach, where 500 employees are currently working at the subsidiary Scheuerle Fabrikfahrzeuge and the subsidiary Kamag, which employs 250 staff members in Ulm.
The job cuts are due to the weak economic situation within the oil, steel and ship building industry. Affected will be employees at the production and the administration department. The restructuring is set to be completed by the end of spring 2018. TII wants to avoid compulsory redundancies and aims to implement job cuts through a retirement programme and by not filling job vacancies. The management is negotiating with the German metalworkers’ union IG Metall and the works’ council at the moment.
TTI employs 750 staff members in Germany and about 1,000 worldwide. Further sites are in France and India, but these will not be affected by the current restructuring.
Eurofound (2017), Transporter Industry International, Internal restructuring in Germany, factsheet number 91065, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91065.
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