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.
A major restructuring programme is being implemented with the aim of reducing the overall scale and cost of the business to be more in line with current levels of market demand. Demand levels remain weak in Germany. The restructuring will result in the group reducing its depots network from 48 depots to 24, the rental fleet by 1,250 units, and the headcount by 100 employees.
Eurofound (2004), Lavendon Group plc, Internal restructuring in Germany, factsheet number 60887, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60887.