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.
In May 2004, the merger of Springer Science and Business Media, the German specialist publishing company, and the Dutch publishing group Kluwer Academic Publishers is expected to lead to job cuts. Around 100 of the 500 jobs at Kluwer are to be cut by the end of 2006, while Springer's production department for books and magazines in Berlin, which employs 23 staff, is to be closed by the end of January 2005. Some of the work currently carried out by this department is to be transferred to the group's subsidiary SPS in India, in order to save on staff costs. The areas of logistics, finance and the processing of orders are to be concentrated in Berlin and Heidelberg. The new group will be the world's second largest scientific publishing group, with around 5,400 staff. The new group will trade under the name Springer.
Eurofound (2004), Wolters Kluwer & Springer, Merger/Acquisition in Germany, factsheet number 60441, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60441.