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 3 December 2010, the business daily Handelsblatt reported the loss of around 450 jobs at MVV Energie, a public energy provider. Affected are the sites in Mannheim, Offenbach and Kiel. Management and works' councils of the single sites have agreed to avoid collective dismissals due to operational reasons until 2016. However, the reduction in staff is to be realised by natural attrition and early retirement schemes. Job cuts are part of a restructuring programme, which seeks to lower costs by 20 to 30 million euros annually.
Eurofound (2010), MVV Energie, Internal restructuring in Germany, factsheet number 71262, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71262.