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 18 November 2009, the automotive supplier Mann+Hummel announced to cut approximately 330 jobs at its plant in Ludwigsburg. The company stated to restructure its operations due to a sharp decline in sales. Since the beginning of 2009, the company had adopted a variety of measures to cope with the economic crisis, such as short-time work, budget cuts and downsizing jobs for temporary agency workers. The current job reduction scheme is to be realised in a socially acceptable manner until the end of 2012, e.g. by offering early retirement schemes and not refilling vacant positions. Direct dismissals are to be avoided. Mann+Hummel employs 1,800 staff in Ludwigsburg and a total of 12,400 employees worldwide.
Eurofound (2009), Mann+Hummel, Internal restructuring in Germany, factsheet number 69879, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69879.