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.
HSH Nordbank, a state-owned bank that is the result of a merger between the state-banks of Hamburg and Schleswig-Holstein, will lay off between 200-300 employees. HSH Nordbank quotes the removal of state guarantees as the reason behind the decision. The European commission has put an end to Germany's system guarantees for state-banks, as they have distorted competition between banks.
Eurofound (2005), HSH Nordbank, Internal restructuring in Germany, factsheet number 62332, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62332.