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 automobile manufacturer Daimler will cut 650 out of 6,500 jobs in Düsseldorf by 2020.
As the result of negotiations between works council and management, the reduction shall be implemented by severance payments and by not reoccupying vacant jobs. Operational dismissals are excluded.
The works council had previously estimated that up to 1,800 jobs could be affected. In order to save costs, Daimler is planning to produce the next generation of the transporter Sprinter in Mexico as well as the US.
For further restructuring cases at Daimler see Evobus 2012, Daimler Trucks 2013, Mercedes-Benz 2013 and Daimler-2014).
Eurofound (2014), Daimler, Internal restructuring in Germany, factsheet number 78015, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78015.