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.
Weber Automotive, a German automotive supplier, will create 150 new jobs and invest a double-digit million Euro figure in its site in Neuenbürg. The investment will see its production space in Neuenbürg triple in size by 2018. The company said that the new jobs and investments are needed as a result of acquiring major contracts from German car manufacturers Daimler, Porsche and Volkswagen.
Weber Automotive is a Ford-Hybrid engine supplier as well as a producer of particular trucks and tractors. The company currently employees 250 staff in Germany and 1,000 employees worldwide.
Eurofound (2015), Weber Automotive, Business expansion in Germany, factsheet number 84767, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84767.