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.
First restructuring plan of 900 employees and then 3400 other job cuts. On 2002-09, announcement of further dismissals, but no figures are yet available.
On November, announcement of 450 new dismissals at the Investment banking branch.
On March 2003, announcement of a new cost cutting plan, 3000 other jobs could be suppressed.
Eurofound (2002), Commerzbank AG, Internal restructuring in Germany, factsheet number 59092, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59092.