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 2009, the cash transport firm Securlog confirmed plans to cut another 100 jobs by the end of 2009. The company executive Lothar Thoma told the German daily Frankfurter Allgemeine Zeitung that around 500 jobs had already been cut in recent months and the number of employees has fallen to 3,300. The job cuts have been aimed at reducing surplus capacities after the merger with DBI two years ago. Personnel costs are to be reduced from 65 to 60%.
Eurofound (2009), Securlog, Internal restructuring in Germany, factsheet number 69310, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69310.