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.
In 2005, Citibank, a subsidiary of the international Citigroup, announced the expansion of its business in Germany despite not having reached its profit targets in 2005. The subsidiary of the international Citigroup currently employs 6,000 people at 330 German outlets. It announced the opening of ten new outlets and to create 300 new jobs.
Eurofound (2006), Citibank, Business expansion in Germany, factsheet number 63383, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63383.