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.
Atlas Elektronik, a maritime and naval systems provider, announced on 5 April 2007 its plans to cut 350 jobs within the next years. The company stated that the planned measures shall bring greater competitiveness. Atlas Elektronik employs around 1,700 employees worldwide. The company added that it is seeking to define a socially acceptable solution for the affected employees, such as part-time schemes or early retirement for the elderly.
Eurofound (2007), Atlas Elektronik, Internal restructuring in Germany, factsheet number 65213, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65213.