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.
On 15 April 2005, the Belgian subsidiary of Deutsche bank has announced a restructuring plan. 70 employees are to be made redundant. The redundancies should mainly affect Deutsche bank business division. Direct dismissals are not the primary measures to be implemented, even though some are likely to occur. Talks between management and union representatives are to begin in April. Deutsche Bank has a workforce of 700 in Belgium. In February 2005, a major restructuring programme was announced by the German bank with the loss of 3,300 positions worldwide.
Eurofound (2005), Deutsche Bank, Internal restructuring in Belgium, factsheet number 61485, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61485.