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 shoe manufacturer Rohde, which since its insolvency in 2007 is held by Morgan Stanley and the private equity firm Square Four, will offshore the production from its Schwalmstadt plant. The plant will be shut down by the end of 2012, leading to the loss of 120 full-time jobs. Administration, product development, purchasing, sales and distribution divisions will not be offshored.
Currently, Rohde holds production sites in Germany, Austria and Denmark and employs a total of 340 staff. Out of these, 290 work in Schwalmstadt.
Eurofound (2011), Rohde, Offshoring/Delocalisation in Germany, factsheet number 73987, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73987.