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.
Supplier of food processing and packaging equipment Gea announced to cut 360 jobs within the next three years in Germany. As reported, the cost cutting measure is part of a global restructuring plan affecting 1,000 jobs. In Germany, Gea currently employs 5,500 people at 20 sites.
There were several job reductions at Gea in the past years. In 2009, total job reduction affected around 3,100 jobs, between 100 and 200 of them in Germany.
In 2012, GEA announced to shut down its affliate Ruhr-Zink in Datteln which affected 235 people.
Eurofound (2014), Gea Group, Internal restructuring in Germany, factsheet number 77495, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77495.