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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
4,400 jobs Number of planned job losses
8,000 jobs Number of planned job creations
Announcement Date
29 January 2019
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2019
Description
The German technology company SAP has announced a reorganisation that will lead to cut about 4,400 positions (about 4.5% of its global workforce) mainly through early retirement, and to recruit about 8,000 new employees. Therefore, the company expects its overall head count to exceed 100,000 by the end of 2019, up from 96,500 at the turn of the year. SAP's CEO said that this reorganisation is not a cost-cutting move and that SAP is a growth company.
Job cuts will mainly concern Germany and the United States, and to a lesser extent Canada and France. In these four countries, employees considered as senior will be offered early retirement packages. Discussions with employee representatives will start in February. With regard to recruitment, new employees should join the teams responsible for working on the so-called future technologies of artificial intelligence, the Internet of Things and quantum computing. The group achieved a turnover of €24.7 billion in 2018, up 5% but below its objectives. By 2023 and after this reorganisation, the management hopes to triple its turnover from online software and generate a total of more than €35 billion in revenues.
Eurofound (2019), SAP, Internal restructuring in World, factsheet number 96601, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96601.
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