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 stainless steel company Kind & Co is to cut 60 out of 570 jobs in Bielstein. There is no information available about the exact end date of the measure.
Management cited decreasing international steel demand and tough lower-cost competition - especially in the areas of large steel forging and ring-rolling - as the reasons for the job reductions. Kind & Co will withdraw from ring rolling but also indicates its intention to make large investments in 2015.
Eurofound (2015), Kind & Co , Internal restructuring in Germany, factsheet number 78181, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78181.