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 20 March 2009 Villeroy & Boch, a ceramics producer, announced to cut 400 jobs in Germany by the end of the year. The job cuts will affect the administrative and production departments. The cuts are blamed on the massive decline in orders during 2008 and at the beginning of 2009. At the moment Villeroy & Boch employs 2,800 employees in Germany.
Eurofound (2009), Villeroy & Boch, Internal restructuring in Germany, factsheet number 68652, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68652.