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 23 July 2008, Schlott Group, a media service provider for printing and direct marketing, announced to cut 100 jobs at its site in Nuremberg. The job cuts are part of the company's cost-reduction programme in response to a decline in demand for its products. The implementation of the restructuring programme will save approximately EUR 5 milion. Other cost cutting measures include the introduction of flexible working-time arrangements and avoiding wages above the general pay scale.
Eurofound (2008), Schlott, Internal restructuring in Germany, factsheet number 66907, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66907.