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.
Chemical giant BASF is to establish a daughter company serving its European affiliates in Berlin. The centre will offer accounting and financial services for BASF's subsidiaries and employ 600 people. Berlin was in competition with Middle and Eastern European cities for the new centre and won despite higher wages. The availability of personnel with good foreign language skills and the trade union's flexibility in its negotiations with BASF played important roles in BASF's decision.
Eurofound (2005), BASF, Business expansion in Germany, factsheet number 61831, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61831.