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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.20 - Other postal and courier activities
500 jobs Number of planned job losses
Announcement Date
20 January 2021
Employment effect (start)
20 January 2021
Foreseen end date
31 December 2021
Description
As announced on 20 January 2021, the US parcel and courier service UPS will be cutting 500 jobs at its plants in Neuss and Monheim until the end of 2021 due to internal restructuring. UPS intends to optimise its processes and increase its efficiency potential which thus results in the loss of 500 jobs. UPS emphasised that it will exclude compulsory redundancies. The United Services’ Union criticised the restructuring plans as the company is in stable economic situation.
UPS has 1,000 employees combined at its plants in Neuss and Monheim.
Eurofound (2021), UPS, Internal restructuring in Germany, factsheet number 103491, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/103491.
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