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.
German company Schuler, the leading manufacturer of presses for the automotive and metal manufacturing industry, announced a restructuring plan aimed at safeguarding its future competitiveness (Zukunfstkonzept) which entails the cutting of 500 out of a total of 4,195 jobs in Germany, and the strengthening of manufacturing operations abroad. The restructuring process shall be completed by 2022. Details of the implementation process are still to be negotiated with the works council and the trade union IG Metall but according to the company, technical professions, including engineers, will be the most affected.
Management stated that the plan is a reaction to the low domestic demand compared to the high German production costs, and to the rising demands in Asia and Brazil. Research and development and administration shall be centralised at Schuler's headquarter in Göppingen in southwest Germany and the production of new presses relocated from southwest Germany to the eastern part of the country in Erfurt; moreover, production in Asia and Brazil shall be expanded.
The restructuring shall entail the cutting of 300 jobs in Göpppingen, 80 jobs in four smaller regional locations in Baden Wuerttemberg and about 120 jobs in Erfurt.
The precise number of job cuts may change following negotiations with the trade unions.
Eurofound (2019), Schuler, Internal restructuring in Germany, factsheet number 98272, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/98272.
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