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.
Following the recent acquisitions of Sovereign Specialty Chemicals and Dial, the German manufacturer of soap and detergents Henkel is planning to reduce its number of employees by 6% (with a total loss of 3,000 jobs). The job cuts will mostly affect Europe and the USA. The restructuring programme is expected to be concluded by 2006. Henkel has already cut off 3,000 jobs since 2001.
Eurofound (2004), Henkel, Merger/Acquisition in World, factsheet number 60824, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60824.