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.
German mechanical engineering company Klingelnberg will cut between 200 and 250 jobs in Germany. This is mainly due to decreasing sales in the wind power section.
The job cuts affect the sites in Ettlingen (Baden Württemberg) and Hückeswagen (North Rhine-Westphalia). The company did not give a concrete timeline, but said that the job cuts will be implemented as soon as possible.
Eurofound (2013), Klingelnberg, Internal restructuring in Germany, factsheet number 75277, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75277.