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.
Fashion retail company Witt announced to cut 229 jobs in Germany. The company wants to offer 101 employees employees partial or early retirement options. Another 128 employees will receive termination offers. Already in 2025, the company stated to have restructuring plans and entered negotiations with its works council to set up a social plan. The deal seeks to avoid dismissals due to operational reasons.
The internal restructuring is due to low demand for Witt's products as well as rising staff and advertisement costs. Apart from saving on costs, the company is also investing into its distribution channels to generate more business. The company employs some 3,700 employees in Germany.
Eurofound (2025), Witt, Internal restructuring in Germany, factsheet number 204190, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204190.