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.
On 13 November 2023, the Swedish tools manufacturer Epiroc announced plans to close its site in Essen, North Rhine-Westphalia. Around 200 employees are affected by the restructuring plan.
The company manufactures hydraulic attachment tools all over Europe and now wants to reorganise its production. Whilst the site in Essen will be closed by the end of 2025, production will be shifted to other sites in Sweden, more specifically Kalmar and Fagersta, and Germany, to Dermbach. Whilst the company stated that around 130 employees will lose their jobs, news reports also stated that a further 70 employees will be offered new jobs in other parts of the company.
Eurofound (2023), Epiroc, Offshoring/Delocalisation in Germany, factsheet number 200521, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200521.