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.
Witzenmann, a German automotive supplier, has announced to gradually cut 230 job cuts until 2029 at its site in Pforzheim, Baden-Württemberg.
The reductions are a response to a challenging economic environment that has led to declining revenues. The company employs around 1,650 people at the Pforzheim site, meaning the planned cuts represent roughly 14 percent of the workforce.
Following extensive negotiations, IG Metall and company management reached an agreement on measures to ensure the job reductions are carried out in a socially responsible manner. The plan includes a voluntary programme offering partial retirement, early retirement, and severance packages.
Witzenmann, founded in 1854 and headquartered in Pforzheim, employs around 4,400 people worldwide.
Eurofound (2026), Witzenmann, Internal restructuring in Germany, factsheet number 204140, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204140.