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 25 January 2017, German game developer Goodgame announced plans to cut 200 out of 550 jobs in Hamburg, Germany. The company is struggling as the company's strategy with “Free to play” games failed last year. The company was founded in 2009 and at its peak employed 1,300 members of staff.
Already in August 2016 the company announced to cut up to 600 jobs, see (Goodgame, 2016). Goodgame now seeks to adjust its capacity and structure to the volatile market environment.
The company stated that a social plan will be set up for the affected employees.
Eurofound (2017), Goodgame Studios, Internal restructuring in Germany, factsheet number 90242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90242.