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.
German steel supplier Klöckner & Co has announced to cut 200 jobs in Germany. The management stated that decreasing demand and a difficult economic outlook made this measure unavoidable.
Klöckner & Co currently employs 2,000 employees in Germany. This new round of restructuring follows previous rounds where several hundred jobs in Germany have been cut.
The planned job cuts in Germany are part of a Europe-wide restructuring plan affecting 1,300 jobs in Spain, France and Eastern Europe.
Eurofound (2012), Klöckner&Co, Internal restructuring in Germany, factsheet number 73986, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73986.