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 car manufacturer Opel will be cutting 1,100 jobs until 2023 Germany due to internal restructuring. After the announcement of large investments at its plants in Rüsselsheim, Kaiserslautern and Eisenach, which will ensure the plants’ future, management informed the employees about the job reduction at the same plants. In Rüsselsheim, Opel will be cutting 600 jobs, in Kaiserslautern 300 jobs and in Eisenach 200 jobs. According to management, cuts are to be realised similar to last year’s restructuring, via voluntary programmes.
Currently, Opel has 16,550 employees in Germany.
Eurofound (2019), Opel Automobile, Internal restructuring in Germany, factsheet number 98166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98166.