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 cosmetics company Beiersdorf announced plans to relocate the production of its brand Florena and to close the manufacturing plant in Waldheim, county Saxony, unto 2023 which will affect 280 jobs. Simultaneously, Beiersdorf group is building a new plant in Seehausen, in the county of Saxony-Anhalt, where the production will continue. The company will offer all 280 employees a job at the new plant. For employees, which will not be able to relocate, Beiersdorf will develop individual solutions. According to management, technical difficulties excluded the possibility of building the new plant at the company’s site in Waldheim.
Eurofound (2020), Beiersdorf, Relocation in Germany, factsheet number 100067, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100067.