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 components manufacturer Stihl announced that it will cut over 100 jobs in 2025. The job cuts will affect employees working in administrative positions at its headquarter in Waiblingen (Baden-Wurttemberg). Workers at its two production sites in Waiblingen are not affected. According to the company, this measure is necessary due to a declining demand for its products.
The company agreed with the works council that jobs are to be cut in socially acceptable manner. In detail, social partners agreed to realise staff reduction on a voluntary basis, offering severance pay for people leaving the company and partial retirement. Job cuts are to be realised by the end of 2025.
Stihl currently employs around 6,000 employees in Germany.
Eurofound (2024), Stihl, Internal restructuring in Germany, factsheet number 202195, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202195.