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.
The German multinational Schott, a special glass manufacturer, announced plans to cut up to 300 jobs in Germany. 90 jobs shall be shed at its new manufacturing plant in Mainz to focus manufacturing on special optical glass. Additionally, 100 jobs at Grünenplan (glass for spectacles) and 100 at Schott Lithotec (semiconductor industry) at Jena shall be cut. According to FAZ, the figures are valid and most probably will not be changed by current negotiations with the works council which basically refers to the social plan.
Eurofound (2009), Schott, Schott Lithotec, Internal restructuring in Germany, factsheet number 69666, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69666.