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 engineering company Ferrostaal, a subsidiary of MPC, will cut 175 jobs at its headquarters in Essen (North Rhine-Westphalia). This is due to a cost savings programme.
Ferrostaal employs 480 people in its headquarters and 4,500 people in total. Two years ago, the company had already made 175 workers redundant (see Ferostaal 2011).
Eurofound (2013), Ferrostaal, Internal restructuring in Germany, factsheet number 75349, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75349.