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.
Webasto, the German manufacturer of car roofs, announced in September 2006 that it was to cut 280 jobs out of 2,500 jobs in Germany and a total of 450 jobs worldwide following a restructuring programme started in 2006. The decision of the restructuring is attributed to falling sales. The plan envisaged a reduction of costs by 1.4 million euro until 2008. Half a year later, in February 2007, the company said that the programme was expected to be implemented by the end of 2007 and that direct dismissals were sought to be avoided in Germany.
Eurofound (2006), Webasto, Internal restructuring in Germany, factsheet number 64993, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64993.