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.
German manufacturer of printing machines Heidelberger Druckmaschinen is to cut 80 out of 580 jobs within the next months. Most of the job cuts will be carried out by March 2015.
The company will try to avoid operational dismissals by focusing on voluntary leave, part-time and partial retirement. According to a spokesman, there are too many employees for a market development which is expected to be stable only in the best case scenario.
Heidelberger Druckmaschinen is the world market leader in the production of sheet offset printing machines and employs around 13,000 people in total.
Due to decreasing demand for printing services, the company has announced several job reduction plans over the past years (see Heideldruck 2008-1, Heideldruck 2008-2, Heideldruck 2012 and Heideldruck 2014)
Eurofound (2014), Heidelberger Druckmaschinen, Internal restructuring in Germany, factsheet number 77989, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77989.