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 20 November 2023, it was reported that supermarket chain Real will close its stores until the end of March 2024, leading to the loss of 3,500 jobs.
Already in September 2023, the company had filed for insolvency. By mid-November 2023, it became clear that out of its 45 stores all over Germany, only 18 could be sold to new investors. The chain still employs over 5,000 employees out of which around 1,500 can continue to work for the new owners. Company and employee representatives are currently negotiating a social plan for the remaining 3,500 employees affected by the closures.
Eurofound (2023), Real, Closure in Germany, factsheet number 200563, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200563.