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.
Grohe Water Technology, the German plumbing specialist, is planning extensive restructuring in order to secure its future. Management has not given details of the effects on the 5,800 jobs and the company's five German sites, but job cuts are seen as being inevitable. Cost savings of around €150 million are planned till 2010, applying to the entire supply chain. The company is also planning increased production abroad, including the development of production sites in Thailand and Portugal and the possible installation of a new site in the Nafta region. The company has a 10% share of the world market for bathroom fittings, and is Germany's largest exporter in this field. Altogether in Germany, the company is planning to cut over 1,240 jobs by 2006 and transfer part of production abroad. The Lahr works obtained a site guarantee from the Grohe owners, but this is valid until 2008, and the union IG Metall fears that the jobs of those unaffected by the current round of cuts may be stable only for a further three years.
Eurofound (2005), Grohe Water Technology, Offshoring/Delocalisation in Germany, factsheet number 61331, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61331.