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.
On 17 November 2023, different newspapers reported that German DIY market store chain Obi will cut another 150 jobs in its administration departments in Cologne and Wermelskirchen, North-Rhine Westphalia.
The company wants to offer voluntary leaves and does not want to resort to forced dismissals. The job cuts are part of a new business strategy that seeks to optimise internal structure and generate more business.
Obi employs around 3,000 staff members in Germany. Already in 2022, 150 jobs were cut in administrative and logistic departments (Obi-2022-DE).
Eurofound (2023), Obi, Internal restructuring in Germany, factsheet number 200564, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200564.