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 5 November 2009, the car manufacturer Daimler announced the cut of 1,000 jobs at its Mercedes Benz division due to a drop in sales. The company's management and the works' council agreed to offer employees up to 50 years old to leave the company in Germany (redundancy payments, reduction of working time). Mercedes Benz currently employs a total of 45,000 employees in Germany. It is noteworthy that Daimler had concluded a works agreement which excludes forced redundancies until 2011.
Eurofound (2009), Mercedes Benz, Internal restructuring in Germany, factsheet number 69809, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69809.