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.
As announced on 27 June 2020, the German clothing manufacturer Leineweber plans to cut between 120 and 140 jobs at Herford due to internal restructuring. The job reduction comes as a consequence of the decline in sales (22%) caused by the COVID-19 crisis. It will affect employees in all areas of the company. According to Leineweber, job cuts will take place imminently. However, information on an exact timeframe and a social plan are not available.
Leineweber has 700 employees at its headquarter in Herford.
Eurofound (2020), Leineweber, Internal restructuring in Germany, factsheet number 101205, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101205.