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.
Bayer Crop Science, the plant protection subsidiary of German chemicals and pharmaceuticals group Bayer, has revealed plans to cut around 200 jobs at its production plants in Frankfurt and Monheim and to reduce purchase and services costs. Bayer Crop Science will also reduce investments in research and development activities. The announced restructuring programme is expected to reduce costs by 200 million euros a year from 2007 onwards.
Eurofound (2004), Bayer Crop-science, Internal restructuring in Germany, factsheet number 60979, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60979.