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 31 August 2017, the chairman of the works council of the German electronics and electrical engineering company Siemens at Mülheim, confirmed that 348 employees will be let go due to internal restructuring until 2020. Siemens will try to relocate most of them to other sites, but severance agreements will also be offered.
Initially announced in 2015, the job reduction in Mülheim was postponed due to a lucrative order in December 2015. Moreover, Siemens had already announced other job cuts in May 2017 (Siemens, 2017).
Siemens has approximately 4,850 employees in Mülheim.
Eurofound (2017), Siemens, Internal restructuring in Germany, factsheet number 91837, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91837.