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.
Fashion group Versace is to cut 350 jobs due to reduced sales in the last months. The plan envisages a reduction of overhead costs with the aim for returning the group to profitability in 2011. Versace group has 1,360 employees worldwide.
Eurofound (2009), Versace, Internal restructuring in World, factsheet number 69759, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69759.