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 19 July 2017, the ATM and cash register manufacturer Diebold Nixdorf announced to cut 400 jobs in Germany and about 2,000 worldwide within the following years.
200 out of the 400 job cuts are part of an earlier announced restructuring plan, see (Wincor Nixdorf, 2015).
Diebold Nixdorf is the result of the merger between the formally independent companies Diebold based in the US and Wincor Nixdorf from Germany. According to the management, the job cuts are necessary due to unsatisfying business figures.
The company's headquarters, situated in Parderborn, will be affected mainly but also other locations.
Diebold Nixdorf employs about 3,600 staff members in Germany and some 25,000 worldwide.
Eurofound (2017), Diebold Nixdorf, Internal restructuring in Germany, factsheet number 91635, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91635.