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.
Volkswagen, Europe's largest producer of cars, announced to dismiss 600 temporary agency workers at their German site in Zwickau by June 2016. The company did not name any reasons, however the works council referred to the new strategy for the Phaeton model and to the emissions scandal as a reason for the job cuts. The bodywork of the model is manufactured in Zwickau and production will probably end in 2016. According to IG Metall, the production at the site will be stopped for four weeks in 2016. Therefore 8,500 employees are forced to take a holiday.
The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers which currently employs 592,586 employees worldwide.
Eurofound (2015), Volkswagen, Internal restructuring in Germany, factsheet number 86243, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86243.