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.
As announced on November 29, 2012, General Motors subsidiary Opel will cut 300 jobs in Bochum. This is due to a cost savings programme. However, the works council announced to fight this decision.
The job cuts affect the gear production. In total, Opel employs 3,000 people in Bochum. Since the company announced plans to discontinue the Zafira production in 2016 in Bochum, the site will be shut down in 2016.
Opel had cut 500 management positions in Bochum and Rüsselsheim (see Factsheet 21599) and announced the part closure of its research centre in Kastel (see Factsheet 22291) earlier this year.
Eurofound (2012), Opel, Internal restructuring in Germany, factsheet number 74643, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74643.