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.
Spar, a supermarket chain, will cut more than half of its workforce after the takeover by Edeka. A spokesperson for Edeka said that the cuts were needed to become profitable in the German retail market that is characterised by stiff competition and very low margins. Several locations, among them logistics hubs, will be given up and closed.
Eurofound (2005), Spar, Merger/Acquisition in Germany, factsheet number 62222, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62222.