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.
As announced on 4 August 2014, manufacturer of consumption goods Procter & Gamble is to cut 200 jobs in Germany within the next two years. The company encourages voluntary redundancies and provides help to find a new job. According to the company, job losses are mainly due to stagnating business. Procter & Gamble plans to eliminate around 100 product lines.
Procter & Gamble is an American company which employs 126,000 people across 70 countries. In Germany, around 13,000 people currently work for the company. The company owns brands such as Braun, Bruno Banani, Pampers and Gilette.
Eurofound (2014), Procter & Gamble, Internal restructuring in Germany, factsheet number 77381, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77381.