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 15 July 2020 the UK-based aircraft engine manufacturer Rolls-Royce will cut approximately 800 jobs at its sites in Dahlewitz (Brandenburg) and Oberursel (Hesse) due to internal restructuring. In Dahlewitz 550 jobs will be lost while in Oberursel 250 employees will lose their jobs. These cuts are part of Rolls-Royce's international job reduction programme which intends to cut 9,000 of 52,000 jobs worldwide.
The company has been hit hard by the COVID-19 crisis and does not expect to recover from this crisis until 2024. Jobs will be cut within the next to year. Management and works council started negotiations on a social plan.
Eurofound (2020), Rolls-Royce, Internal restructuring in Germany, factsheet number 101273, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101273.