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 Hessian eco fashion retailer Hess Natur-Textilien, based in Butzbach, is cutting 59 jobs due to internal restructuring.
The company cites declining sales due to the impact of the Russian war against Ukraine, the related energy crisis, and high inflation as reasons for the job cuts. Moreover, environmental and climate protection would be less important for many consumers than they were a few years ago, according to Hess Natur.
The company employs 340 people. Half of the 59 positions are to be cut through compulsory redundancies. The majority of them could move to a transition company. In 2021, the company had a turnover of 100 million euros.
Eurofound (2024), Hess Natur-Textilien, Internal restructuring in Germany, factsheet number 201636, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201636.