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 21 April 2017, food producer Homann, a subsidiary of the food company Theo Müller, announced a restructuring programme which includes the closure of four sites in Germany in 2020 and the relocation operations to a new central site. Some 1,000 jobs are affected by this step.
The affected sites are located in Dissen, Lintorf (both Lower Saxony), Bottrop (North Rhine Westphalia) and Floh-Seligenthal (Thuringia). The aim of the restructuring programme is to unite the company's production at one place. Although 40 different places all over Europe are to be discussed, the management is in favour of the Saxonian Leppersdorf, where the company is already producing dairy products.
The company will offer all affected employees the possibility to change to the new production site. Theo Müller is investing €500 million in the restructuring programme.
Europe-wide operating Homann currently employs about 3,000 staff members. Overall, the Theo Müller Group employs about 27,000 staff.
Eurofound (2017), Homann, Relocation in Germany, factsheet number 90768, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90768.