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.
On 30 July 2014, KME Germany announced to cut 140 jobs in Osnabrück. Currently, the company employs 2,100 people. The job reduction is part of a restructuring program started in 2012. Trade union IG Metall criticised the plans and fears the company tries to avoid paying agreed wages.
KME Germany is a copper producer who belongs to Italian KM Europe Metal which employs around 6,800 people in total.
Eurofound (2014), KME Germany, Internal restructuring in Germany, factsheet number 77380, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77380.