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.
The car manufacturer Toyota has cut 500 out of 650 jobs at its site in Cologne in November 2009. This was reported by the press on 5 December. At the beginning of November, the Japanese car manufacturer had stated to leave the Formula 1. The Cologne site develops and produces racing cars. A spokesperson of the company stated that employees were dismissed on 30 November 2009.
Eurofound (2009), Toyota, Internal restructuring in Germany, factsheet number 69973, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69973.