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 18 August 2020, the French engineering service provider Segula Technologies will cut 300 jobs in Germany due to internal restructuring. According to management, there is currently no work available for 300 employees at Rüsselsheim due to a drop in sales and orders caused by the COVID-19 crisis. The decision to cut jobs was made last week at the headquarters in France. Works council and management will start negotiations regarding a social plan shortly.
Segual Technologies has 1,100 employees at its plant in Rüsselsheim.
Updated, 5/3/21
As confirmed by the works’ council, the restructuring at the Segula plant in Rüsselsheim will affect 140 employees and take place in April 2021. According to the works’ council, 120 jobs will be made redundant. 20 employees could find another job within the company by applying for one of the 20 newly created jobs at the Rüsselsheim plant. In addition, employees could switch to another plant of the company in Dudenhofen. The implementation of the job reduction is expected to be difficult since the works’ council already announced that it will not agree to any of the employee’s terminations. Consequently, each case will be negotiated at a conciliation committee. The social plan includes severance payments of €250,000 and a transfer company.
Eurofound (2020), Segula Technologies, Internal restructuring in Germany, factsheet number 101533, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101533.