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.
Koenig & Bauer, manufacturer of printing presses, has announced that it is to cut approximately 560 jobs at its sites in Würzburg, Trennfeld and Frankenthal. Approximately 150 jobs will be lost at Würzburg and Trennfeld where a total of 2,500 are employed. In Frankenthal, 408 jobs will be lost out of a total of 1,200. The firm attributes the job losses to a decline in the demand for its goods within the printing sector. As of November 2007, there is no information on when the job losses will be implemented by.
Eurofound (2007), Koenig & Bauer, Internal restructuring in Germany, factsheet number 66031, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66031.