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.
The German utility service provider in Cologne, Rheinenergie, announced it will cut 465 jobs due to internal restructuring until 2025. The company aims to reduce costs by a double-digit million amount. Rheinenergie will achieve this mainly via natural fluctuation, partial-retirement programmes and severance payments.
As of July 2018, Rheinenergie has 3,800 employees in Cologne.
Eurofound (2018), Rheinenergie, Internal restructuring in Germany, factsheet number 94673, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94673.