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.
Clariant, a Swiss producer of chemicals, has announced that it is to cut 200 jobs across Germany in 2009. The job losses are part of a large restructuring programme involving 1,000 job cuts in other European countries. These cost-cutting measures are attributed to the company's financial difficulties. The company, which employs a workforce of 20,100 (as of December 2008) embarked on a cost-saving programme in 2006 whicht at that time involved 2,200 job cuts.
Eurofound (2009), Clariant, Internal restructuring in Germany, factsheet number 68209, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68209.