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.
On 2 November 2006, the chemical company BASF, which employed in 2005 about 45,600 people in Germany, announced another cost-saving programme which will lead to the cut of about 2,000 of its current 94,000 jobs worldwide. According to a newspaper report "more than 300 jobs" will be cut in Germany.
Eurofound (2006), BASF, Internal restructuring in Germany, factsheet number 64382, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64382.