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 automotive supplier Continental will be closing its plant in Oppenweiler, which will result in the loss of 340 jobs. According to management, the plant has not been profitable for the past six years. All attempts to counteract this trend have been unsuccessful. Furthermore, projections for the upcoming years are expecting a significant decline in sales. Works council and management have already started negotiations on a social plan for all employees. A timeframe for the closure has yet to be published.
Eurofound (2019), Continental, Closure in Germany, factsheet number 98162, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98162.