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 22 November 2010, the daily Die Welt reported that the union IG Metall, i.e. the German Metal Workers' Union, will cut 125 jobs at its headquarters in Frankfurt am Main. Job cuts are to be implemented by natural fluctuation, such as (partial) retirements. The union announced to restructure its organisation and the staff reduction is to take place within the next four years.
Eurofound (2010), IG Metall, Internal restructuring in Germany, factsheet number 71286, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71286.