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.
Harman, manufacturer of professional audio, video, lighting and control systems, announced a restructuring plan envisaging to cut 650 jobs by June 2018. The internal restructuring will allow the company to focus on new product innovations and for this reason Harman plans to hire approximately 300 workers. The company specified that the plan will affects its Crown factory in Elkhart (Indiana), its facility in South Jordan (Utah) and a few offices in Europe. While is not yet clear which offices will be close in Europe the company stated that no brand will be cut from its portfolio.
Harman brand portfolio includes AKG, AMX, BSS, Crown, dbx, DigiTech, JBL Professional, IDX, Lexicon, Martin Professional, Soundcraft, Studer and SVSI. The group employs 3,700 people worldwide.
Eurofound (2017), Harman, Internal restructuring in World, factsheet number 92051, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92051.