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.
Stoll, a German producer of flat knitting machines, is to cut 125 jobs at its two sites in Reutlingen. As announced on 17 July 2014, the company plans to open a new production site in China. The management intends to implement the job reduction in a socially acceptable manner and is to negotiate a social plan with trade unions and works council.
Currently, Stoll employs 580 people. In the past years, the company suffered from a sharp decline in orders.
Eurofound (2014), Stoll, Internal restructuring in Germany, factsheet number 77404, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77404.