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 management and the works council of the German vehicle manufacturer Audi agreed on a restructuring programme 'Audi. Zukunft', which will cut 9,500 positions by 2025. Direct dismissals are excluded until 2029 due to a protection agreement between both sides. According to the employee representatives, the reduction would not include permanent positions. It is likely that the programme will affect temporary agency workers and that the job reduction will be realised by natural fluctuation, early retirement and voluntary termination of contracts. Additionally, the management and the works council expect that the current shift to e-mobility will create 2,000 new jobs by 2025.
Eurofound (2019), Audi, Internal restructuring in Germany, factsheet number 99384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99384.