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 1 February 2017, Swiss supplier for textile machinery and components Rieter announced to cut 220 out of 360 jobs at its site in Ingolstadt, Bavaria, by the end of 2018.
The affected jobs are in production while the development and after-sales business will remain in Ingolstadt. Production will be transferred to Rieter's Usti site in the Czech Republic. Rieter wants to increase its competitiveness and save cost up to €20 million with this measure from 2019 onwards. In 2016, Rieter increased its order intake by 13%, though less than initially expected. The company will soon start the consultation process with the workers' council.
Rieter currently employs 5,022 staff worldwide.
Eurofound (2017), Rieter Ingolstadt, Offshoring/Delocalisation in Germany, factsheet number 90301, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90301.