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.
Duales System Deutschland (DSD), the company responsible for collecting packaging waste under Germany's green dot recycling system, plans to cut its staff by up to 20%. DSD, will soon lose its current monopoly in packaging waste collection and is to undergo a strict cost-cutting plan. Its new owner, US financial investment company Kohlberg Kravis Roberts (KKR), wishes to prepare it for a flotation in three to five years' time. Up to 70 staff could lose their jobs, although a final decision will not be made until DSD management has met with the staff council. DSD, which had turnover of 1.7 billion euros last year, is preparing to enter new areas of activity when it loses its current monopoly.
Eurofound (2005), Duales System Deutschland (DSD), Merger/Acquisition in Germany, factsheet number 61300, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61300.