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 1 August 2006 the German truck-manufacturer MAN announced that it was to create 300 jobs in its turbo-engine manufacturing segment in 2006 to meet the demand by corporate customers of the energy, oil and gas sector in Arab countries. Most of the new jobs will be located at the Oberhausen plant.
According to MAN, the steady demand on trucks and buses already led to the creation of 900 new jobs in the first half of the year 2006. The company announced to invest 50 million to expand manufacturing in Germany and Switzerland. In 2005 MAN employed 36,331 people in Germany and 58,203 in the world.
Eurofound (2006), MAN, Business expansion in Germany, factsheet number 63872, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63872.