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.
As announced on 7 August 2017, representatives of the automotive supplier Dura and its works council failed to reach an agreement regarding the cut of 227 out of 800 employees in Plettenberg, Finnentrop and Kirchhundem. According to Dura, job reductions are necessary for the company to remain competitive.
Negotiations for a social plan started in 2015 and have been unsuccessful. Talks stalled in July 2017 when the works council rejected the offered severance payment of €6,000 per employee.
The German Metalworkers’ Union expects that many of the 227 employees will take legal actions concerning their termination.
Eurofound (2017), Dura, Internal restructuring in Germany, factsheet number 91720, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91720.