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 company Eberspächer, a manufacturer of exhaust technology and heating systems for the car manufacturing industry, will continue to cut jobs at the Neunkirchen plant. After cutting about 60 jobs in 2006, the company has now announced its plans to cut an additional 185 jobs out of current 1,800 in 2007. The job cutting measures are needed to keep the unit at its current location, the company says. Management argues that Eberspächer has run into financial difficulties due to management mistakes made at its USA-based unit when it was affected by decreasing sales of German car manufacturers in the USA. 40 jobs out of 340 were cut in the USA. At the same time, a collective agreement has been reached in another unit of the company in Eschweiler. The agreement has the aim to guarantee employment.
Eurofound (2007), Eberspächer, Internal restructuring in Germany, factsheet number 65397, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65397.