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.
The German wind turbine manufacturer Siemens Gamesa has announced it will be restructuring, reducing its workforce by approximately 300 jobs in Germany until 2025. Siemens Gamesa has been burdened by high costs, supply shortages and problems with its land turbine, making a restructuring inevitable in order to stabilise the company’s profitability. There is no information on the restructuring procedure, nor on the locations where workers will be affected.
The restructuring in Germany is part of a worldwide reduction in jobs which will affect approximately 2,900 employees.
Eurofound (2022), Siemens Gamesa, Internal restructuring in Germany, factsheet number 107578, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107578.