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.
Koenig & Bauer (KBA), a German producer of printing machines, is to cut 389 jobs at the plants in Frankenthal and Radebeul by mid-2015. In Frankenthal, 207 out of 371 positions will be made redundant according to a press release. 180 of the staff are planned to already leave the company by the end of October and enter a transfer agency starting from 1 January 2015. In Radebeul, 180 of around 1,500 jobs will be cut by mid-2015.
The traditional producer of printing machines suffers from a weak printing market and employs around 6,000 people in total. As part of a cost-cutting plan, KBA had already announced to cut up to 1,800 jobs in Germany and Czech Republic (see FS 2013).
Eurofound (2014), Koenig & Bauer (KBA), Internal restructuring in Germany, factsheet number 77573, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77573.