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.
On 26 July 2016, car manufacturer Porsche announced to create some 1,400 jobs by 2019. The company stated that it was looking for 1,200 new employees for its production site in Stuttgart-Zuffenhausen. In addition, the company is looking to hire 100 IT-specialists and 50 experts for its digital unit. Furthermore, the number of apprentices will be increased from 150 to 220. The job creation is due to the company’s development of an electric sports car.
Already in 2012 and 2014, Porsche announced to create some 1,000 and 400 jobs respectively (Porsche 2012, Porsche 2014). Currently 26,200 employees are working for Porsche worldwide.
Eurofound (2016), Porsche, Business expansion in Germany, factsheet number 88280, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88280.