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.
Deutsche Stadte-Medien (DSM), the German outdoor advertising agency, now a subsidiary of Stroer Out-of-Home Media, is reported to have reached an agreement with its works council regarding plans to cut 400 out of a total of almost 900 jobs. Under the severance plan, 180 commercial employees are to be transferred to a qualification and employment company, while 220 employees are to be given the choice of either joining the company or continuing to work in their respective areas of activity as independent subcontractors.
Eurofound (2004), Deutsche Stadte-Medien, Internal restructuring in Germany, factsheet number 60594, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60594.