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.
Roth and Rau, manufacturer of machines and equipment for the solar panel production, is to cut 120 jobs at its site in Hohenstein-Ernstthal by the end of June 2014. As reported, the German subsidiary of Switzerland-based solar industry supplier Meyer Burger Technology intends to reduce its operating costs by about € 10 million.
According to the sources the company will initiate negotiations with the works council and assures to implement the restructuring in a socially acceptable manner.
Eurofound (2014), Roth & Rau, Internal restructuring in Germany, factsheet number 77138, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77138.