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 Airbus subsidiary, Premium Aerotec, will be cutting up to 1,100 jobs in Augsburg due to internal restructuring in the mid-term.
According to the works council, management announced a new restructuring programme which includes the loss of more than 1,000 jobs (up to 1,100) until 2023. The union strongly opposes those plans and criticised Aerotec’s lack of vision. Management emphasised that the job reduction will be as socially acceptable as possible. Furthermore, management and works council will start discussions on how to make the Augsburg plant competitive for the future.
Currently, Aerotec has 3,600 employees in Augsburg. The site is involved in the production of components for military aircraft as well as civilian programmes.
Eurofound (2019), Premium Aerotec, Internal restructuring in Germany, factsheet number 97596, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97596.