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 October 2009, the pistons and engine block manufacturer Kolbenschmidt Pierburg announced the loss of up to 700 jobs. Almost 150 jobs will be lost due to the closure of the production facility in Hamburg. Another 550 jobs are threatened at its site in Neckarsulm (Baden-Wurttemberg) currently employing some 2,500 people. Employees at the Neckarsulm site were offered to fill other positions at a service company of Kolbenschmidt. The company stated that talks to balance the different interests had already begun.
Eurofound (2009), Kolbenschmidt Pierburg, Internal restructuring in Germany, factsheet number 69807, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69807.