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 9 September 2020 the German shipyard Nobiskrug Werft will be cutting 120 jobs at its plant in Rendsburg by the end of September 2020 due to internal restructuring. According to management, the restructuring was planned in 2018 to be implemented in 2021. However, due to the current COVID-19 crisis, the company moved the job reduction ahead of the previously planned date. As a result, Nobiskrug is laying off 120 employees by the end of this month. Terminated employees will have the opportunity to enter a transfer company.
After the job reduction, Nobiskrug will have 350 employees at Rendsburg.
Eurofound (2020), Nobiskrug Werft, Internal restructuring in Germany, factsheet number 101864, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101864.