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.
Philipp Morris announced to cut 200 jobs at its Dresden cigarette manufacturing plant. The job reduction plans will predominately affect temporary workers specifically employed to produce rolling tobacco, the company says. The manufacturing of this type of cigarettes is said to be no longer profitable, since an April 2006 decision by the European Unions Court of Justice ruled German tax distinctions between factory produced cigarettes and cigarettes assembled by smokers illegal.
Eurofound (2006), Philip Morris, Internal restructuring in Germany, factsheet number 63335, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63335.