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 06 February 2024, household appliance manufacturer Miele announced a new cost efficiency programme, also affecting German sites. In Germany, some 700 jobs will be shed due to Miele's new restructuring programme.
Whilst overall some 2,700 will be shed, Miele plans to relocate production from Gütersloh (Germany) to Poland by 2027 Miele-2024-PL.
In a press release, the company stated that the decline in demand, rising material and energy costs has led to its decision. The company hopes to gain some 500 million euros with the implementation of its restructuring programme by 2026. The company also announced that job cuts will be realised as socially responsible as possible.
Miele employs some 23,000 staff worldwide. Around 11,800 employees work in Germany.
Eurofound (2024), Miele, Offshoring/Delocalisation in Germany, factsheet number 200815, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200815.