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.
Reinz-Dichtungs-GmbH, a German manufacturer of sealing components for combustion engines and fuel cells, announced the elimination of roughly 100 to 120 jobs at its Neu-Um site in late October 2026. It has not been set out when the eliminations are to take place yet.
The restructuring follows a decline in demand for combustion-engine parts worldwide and slower-than-planned growth in hydrogen fuel-cell applications, prompting Reinz to reduce its workforce by €10 million per year as part of a cost-saving plan through 2029. While the company continues to invest in battery and industrial hydrogen components, it will adjust production volumes to maintain competitiveness.
Around 100 to 120 of the 1100 jobs at the site in Neu-Ulm are affected. The cut targets all functional areas in the plant.
Discussions with the works council are ongoing.
Eurofound (2026), Reinz, Internal restructuring in Germany, factsheet number 301408, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/301408.
While large-scale redundancies at major manufacturers dominate the headlines, the true impact of this restructuring is being felt most acutely within the wider supply chain. This article examines the uneven distribution of job losses, the growing geographical shifts in production,...
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
