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.
French company SEB is restructuring affiliate Rowenta, a manufacturer of small household goods, with the loss of 119 jobs (out of 290) at the German manufacturing site at Erbach. This is part of a large restructuring affecting other European countries such as France where another 95 jobs (out of 1,020) will be cut at Pont-Eveque. Negotations with the metalworkers' union IG Metall on a social plan are taking place. After the purchase of Rowenta in 1987, SEB has relocated production to China. Erbach is the remaining manufacturing site in Germany.
Eurofound (2009), Rowenta, Internal restructuring in Germany, factsheet number 68369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68369.