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 16 September 2020 the German bottling and packaging machine manufacturing company Krones will be cutting 500 jobs in Germany due to internal restructuring. Due to the expected drop in sales caused by the COVID-19 crisis, Krones intends to adapt its number of personnel. As a consequence, Krones will be offering a voluntary programme to employees aged 59 or older from the end of September to the end of November. Employees will have the possibility to sign a cancellation agreement or sign an early retirement programme. There is no information on the affected locations available.
Currently, Krones has 10,000 employees in Germany.
Eurofound (2020), Kornes, Internal restructuring in Germany, factsheet number 101868, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101868.