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.
Hypo Real Estate, a mortgage bank, has announced a cost cutting measure that will eliminate 140 jobs. While €25 million will be saved through this measure every year, the restructing measure will cost €35 million in 2005. No announcement was made as to how the job cut will be managed.
Eurofound (2005), Hypo Real Estate, Internal restructuring in Germany, factsheet number 62090, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62090.