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.
Hanseyacht, a German boat building company, has announced that it is to cut 110 out of 700 jobs at its shipyard in Greifswald. The reduction in personnel will largely affect temporary workers and those still in the trial period. The reason given by the company was a decline in demand for sailing boats and yachting boats. As of October 2008, there is no information on when the job losses will be implemented by.
Eurofound (2008), Hanseyacht, Internal restructuring in Germany, factsheet number 67321, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67321.