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 16 September 2013, German steel company Salzgitter will cut 300 jobs in Peine (Lower Saxony). This is reported to be due to increased competition and the recession that has hit hard the construction industry.
The company’s plans are part of its “Salzgitter AG 2015” restructuring programme. Worldwide, the company will cut 1,500 out of 25,000 jobs. In Peine, total workforce sums up to 1070.
For information on previous restructuring measures see Salzgitter 2009 and Salzgitter 2007.
Eurofound (2013), Salzgitter, Internal restructuring in Germany, factsheet number 75882, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75882.