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 31 May 2017, the German airliner Air Berlin announced to create some 100 jobs at its subsidiary Luftfahrtgesellschaft Walter (LGW) within the next weeks. The newly created positions will be for LGW cabin and cockpit crew members. At the moment, about 370 employees are working at LGW. LGW has operated its 20 planes under the Air Berlin logo for several years, as Air Berlin has leased them complete with crew. However, recently Air Berlin took over LGW and is aiming to integrate its subsidiary.
Eurofound (2017), Luftfahrtgesellschaft Walther, Business expansion in Germany, factsheet number 91160, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91160.