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 transport firm Stute Logistics announced to hire more than 100 staff in Cuxhaven as well as in its headquarter in Bremen. Stute Logistics has entered into contract with the German engineering conglomerate Siemens to provide logistic at its new production site for offshore wind turbines.
New employees will start working in summer 2017, at the same time when the employees of Siemens will start too, see (Siemens, 2016). The contract with Siemens will initially run for five years. About 90 of the new employees will be hired in industrial occupations like forklift operator or warehouse worker. These jobs will be placed in Cuxhaven, at the newly built Siemens site. The remaining vacancies are open in Bremen in the IT and quality management departments.
Siemens outsourced the logistics in a move to save cost. However, the new employees will be paid according to the in-house wage agreement, which has been negotiated with the German Metalworkers' Union (IG Metall). At the moment, about 3,000 employees work at Stute Logistics.
Eurofound (2016), Stute Logistics, Business expansion in Germany, factsheet number 89047, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89047.