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 furniture manufacturer Hülsta is to cut 170 jobs until the end of 2015. As reported the job reduction measure is due to the low turnover in the sector and is to affect mostly the company’s sites in Stadtlohn and Ottenstein. As announced, the company assured to implement the restructuring in a socially acceptable manner. Hülsta is a German family enterprise and employs 1260 people in total. For previous a restructuring event see HülstaDE- 2013.
Eurofound (2014), Hülsta, Internal restructuring in Germany, factsheet number 77028, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77028.