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.
Cigarette manufacturing company British American Tobacco announced the dismissal of 180 employees in research and development at its site in Bayreuth, Bavaria within the upcoming two years. The restructuring event derives from the company's plan to make a total of 2,300 employees redundant worldwide. Indeed, the decision to reduce the workforce aims at compensating the decline in sales and at investing more in the manufacturing of e-cigarettes. The plan took the works council in Bayreuth by surprise; negotiations of a social plan are due to begin in September.
Eurofound (2019), British American Tobacco, Internal restructuring in Germany, factsheet number 98594, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98594.