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.
Schmitz Cargobull, the leading European manufacturer of trailers and semi-trailers for commercial vehicles, announced the cutting of 411 jobs in Germany. The family-owned company employs a workforce of 5,360 (including temporary workers). Handelsblatt quotes the employers' association VDA saying that due to the recession orders of trucks have dropped by 60% and orders of trailers by 90%.
Eurofound (2009), Schmitz Cargobull, Internal restructuring in Germany, factsheet number 69517, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69517.