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 30 November 2016, the provider of embedded Computer Technology Kontron announced to cut 300 jobs. Mainly affected will be the company's administration department. The management claims that the main reason for the restructuring is wan envisaged improvement in results to restore the company's profitability over the next one and a half years. Furthermore, Kontron restructuring plan also includes to strengthen the regional focus of the company’s structure.
Kontron announced to implement the job cuts in close and constructive cooperation with the company's works council.
At the moment, the company yet to release any information on which sites will be affected. Kontron has sites in Augsburg (headquarter), Deggendorf and Saarbrücken. However, Kontron also holds sales offices in other European countries, North America and Asia. Kontron currently employs 1,260 staff worldwide.
Eurofound (2016), Kontron, Internal restructuring in Germany, factsheet number 89388, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89388.