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.
Dresdner Bank, the second largest German Bank belonging to giant Allianz, is to reduce its workforce in Germany by 1,860 employees by 2009. The reduction is slightly smaller than it was previously announced. Dresdner intended to cut almost between 2,000 and 3,000 jobs. However, there shall be no dismissals. If the bank reaches its financial goals for 2005, another 160 employees, whose positions are at risk, will be held. The cost-cutting effort is part of a so-called 'profitability and growth programme'. In 2005, some € 400 million have been spent to finance the restructuring programme so far.
Eurofound (2005), Dresdner Bank, Internal restructuring in Germany, factsheet number 62561, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62561.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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