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 17 December 2020, the German missile systems company MBDA Deutschland will be cutting 300 jobs until 2022 due to internal restructuring. According to management, cuts are necessary due to the delay of a major order worth several billion Euros, as the ministry of defence is currently reviewing its air defence systems. All sites and branches will be affected by the job reduction – there will not be any plant closures. A social plan will be negotiated shortly with social partners.
MBDA Deutschland has currently 1,200 employees in Germany.
Eurofound (2020), MBDA Deutschland, Internal restructuring in Germany, factsheet number 102918, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102918.