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.
On 29 September 2014, insolvent IDS Scheer Consulting announced to cut 100 out of 400 positions by February 2015.
The company has recently run losses of €1million each month. IDS Scheer Consulting provides consulting services in process management and SAP.
Eurofound (2014), IDS Scheer Consulting, Bankruptcy in Germany, factsheet number 77724, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77724.