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 airline Air Berlin is to cut 200 additional jobs in 2015. As announced on 27 October 2014, recent cost cuts are not sufficient to make the company run profits again.
The job reduction will mainly affect administration and ground staff. It shall be implemented without operational dismissals and in a socially acceptable manner, for instance by not refilling vacant positions.
Air Berlin has only run a profit once in recent years and suffers from a failed expansion strategy. In the past year, the company has already cut 900 jobs (see FS2013). Currently, Air Berlin employs around 8,500 people.
Eurofound (2014), Air Berlin, Internal restructuring in Germany, factsheet number 77751, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77751.