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.
The German camera manufacturer Leica will be cutting 100 jobs at its headquarters in Wetzlar due to internal restructuring. Cuts will mainly take place in development and marketing. The job reduction is part of a major restructuring, with the goal to focus more digitalisation, including computational imaging. Therefore, the company intends to invest in the recruitment of 40 digital experts. Management announced that the job reduction will be as socially acceptable as possible. However, an exact timeframe and more details regarding the reduction have yet to be announced.
Currently, Leica has 800 employees in Wetzlar.
Eurofound (2019), Leica Camera, Internal restructuring in Germany, factsheet number 98159, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98159.
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...
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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...
