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.
Baur Versand, a subsidiary to the German mail order group Otto, is planning to cut around 200 jobs by the end of 2005. At present, the company employs 3,000 staff. The company says that it registered a drop in turnover of around 10% in 2003, to € 867 million. Large parts of the company's purchasing department are now to be merged with Otto's activities in Hamburg.
Eurofound (2004), Baur Versand, Internal restructuring in Germany, factsheet number 60658, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60658.