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.
German manufacturer Böllhoff announced to cut 180 jobs globally, with most of the jobs being cut at its headquarters in Bielefeld. The company produces fastening systems for cars, planes, machines and medical tools.
As economic growth is stagnating and sales went down by 7% last year, the company is restructuring its business. Böllhoff is also said to suffer from rising prices and costs of production.
Böllhoff employs around 1,400 staff in Germany and about 3,300 people worldwide. The company's global job cuts are also recorded in the ERM event database (Böllhoff 2025 - WO).
Eurofound (2025), Böllhoff, Internal restructuring in Germany, factsheet number 203483, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203483.