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 November 2020, the German civil and military aviation industry supplier Diehl Aviation will be cutting 1,400 jobs in Germany until 2022 due to internal restructuring. According to management, Diehl has been hit hard by the COVID-19 crisis - like other companies in the aviation industry, Diehl is facing a 50% reduction in sales, making a job reduction inevitable to preserve the company’s future. The company intends to avoid compulsory redundancies and plans to achieve its goals via early-retirement programmes as well as voluntary programmes. The exact distribution of cuts affecting all German sites of the company is as of today not clear, however, figures for certain sites are expected as following: Nürnberg, Frankfurt and Überlingen (counted as one unit) is expected to lose 200 of 1,000 employees as well as Gliching and Dresden (counted as one unit) which will lose 100 of its 500 employees.
Currently, Diehl Aviation has 4,000 employees in Germany.
Updated, 11/6/2021
As announced on 11 June 2021, Diehl Aviation will only be cutting 900 jobs in Germany until 2025. Management, works’ council and IG Metall were able to agree on a reduction of previously envisioned cuts as well as on a social plan. By 2025, Diehl Aviation will have 3,100 employees in Germany. Most cuts will take place at Diehl Aviation headquarters in Laupheim with 500 cuts to be realised by 2022.
Eurofound (2020), Diehl Aviation, Internal restructuring in Germany, factsheet number 102581, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102581.