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.
Wilkinson Sword, subsidiary of Edgewell Personal Care and manufacturer of razors and other personal care products, announced plans to cut 114 jobs at its plant in Solingen. Job cuts are due to the transfer of production from Germany to the Czech Republic.
The executive board has already reached an agreement with the works council on the restructuring programme. Affected employees have the opportunity to opt for retirement measures or to move to a transition company. Operational dismissals are not excluded, however, affected employees will not be dismissed all at once. The ongoing process will probably be concluded by the end of 2017.
According to the management, the German plant will increasingly focus on high-quality operations. Wilkinson currently employs 610 employees at its plant in Solingen.
Eurofound (2016), Wilkinson Sword, Offshoring/Delocalisation in Germany, factsheet number 86553, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86553.