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 confirmed on 8 July 2020, the aircraft manufacturer Airbus will cut 3,175 jobs in Germany as a part of an international internal restructuring programme related to COVID-19. According to Airbus, this number could rise to up to 5,100 if the short-time working allowance is not extended for 24 months. Some 2,325 jobs will be cut in Hamburg, Buxtehude and Fuhlshüttel; 445 jobs are to be shed in Bremen, 365 in Stade and another 40 jobs among other locations. IG Metall strongly opposes those plans and calls for the Federal Government to support employees.
Protests are taking place at all affected plants. Negotiations on a social plan and timeframe will be initiated soon.
Currently, Airbus has 46,000 employees in Germany.
Eurofound (2020), Airbus, Internal restructuring in Germany, factsheet number 101208, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101208.