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 shipbuilding and construction group Hegemann will cut 250 jobs at its shipyards in Wolgast and Stralsund. This was announced on 10 Febuary 2010.
On 13 November 2009, Hegemann had announced to cut 400 jobs. A spokesperson of Hegemann stated that the downsizing was part of a restructuring programme to enhance the company's competitiveness. The job reduction was to be carried out in a socially acceptable manner until spring 2010. The number of job cuts was subsequently reduced because the company decided to make use of short-time work instead.
Both shipyards currently employ a total of around 2000 employees.
Eurofound (2010), Hegemann, Internal restructuring in Germany, factsheet number 69838, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69838.