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 September 127, 2013, German automotive supplier Continental will cut up to 450 jobs in Babenhausen (Hesse).
Overall, Continental employs 2,300 people in Babenhausen. A supplementary collective agreement safeguards 1,850 of them until the end of 2019. Continental aims to avoid forced redundancies and will cut jobs by natural fluctuation. A spokesperson of the company confirmed that other sites of Continental in Hesse might be affected. Continental employs 175,000 people worldwide.
Eurofound (2013), Continental, Internal restructuring in Germany, factsheet number 75899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75899.