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.
The German tyre manufacturer Goodyear Dunlop announced on 19th March 2019 that 1,100 employees will be dismissed in Germany due to internal restructuring until 2022. Goodyear Dunlop plans to invest €106 million to automate its production in Hanau and Fulda, in order to become more competitive in the future. In Hanau 610 of 1,400 jobs will be cut and in Fulda 490 of 1,520 jobs. The job reduction is planned to be as socially acceptable as possible.
Currently, Goodyear Dunlop has 6,400 employees in Germany and 64,000 employees in all over the world.
Eurofound (2019), Goodyear Dunlop, Internal restructuring in Germany, factsheet number 97559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97559.