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.
Fraport, the airport operator based at Frankfurt/Main, is aiming to decrease its staffing costs. It therefore plans cuts in holiday pay and Christmas bonuses, reductions in the amount of leave allowed to employees, and longer working hours. The company has assured that it is not planning to cut monthly salaries or carry out redundancies. Rather, it is reported that at least 700 new jobs are to be created in Germany this year.
Eurofound (2005), Fraport, Internal restructuring in Germany, factsheet number 61178, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61178.