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 13 August 2009, the manufacturer of solar cells Q-Cells announced to cut 500 out of 2,200 jobs at its location in Thalheim as part of a wide-ranging restructuring plan. Due to low demand and drop in the price for solar components, four out of six production lines will be shut down. Around 2,000 Q-Cells employees are already working a shorter working week under the government-subsidised programme.
At the end of 2008, around 2,300 staff were employed at Q-Cells. The timeline for the implementation of the job losses has not yet been announced by the company.
Eurofound (2009), Q-Cells, Internal restructuring in Germany, factsheet number 69395, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69395.