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.
Giesecke & Devrient (G&D), a Germany-based multinational technology (banknote and security printing) provider, is to cut 125 jobs in Munich. The job cuts will affect its mobile security division and are part of a larger restructuring resulting in 400 job cuts across Europe (G&D-EU2013). As reported in the media the restructuring plan will be implemented within 18 months and is attributed to the need to reduce costs by 60 million Euro per year. In total, G&D employs 10,554 people worldwide.
Eurofound (2013), Giesecke & Devrient, Internal restructuring in Germany, factsheet number 75246, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75246.