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.
Car dealer group Heister, headquartered in the city of Trier (West Germany), will cut employment by 261. Heister filed for insolvency recently and can only be revived through massive cuts. The remaining employees forego extra benefits in order to save their jobs. The affected employees will partly be transferred to a job-creation company.
Eurofound (2005), Heister, Internal restructuring in Germany, factsheet number 62326, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62326.