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.
Klöckner & Co, a steel trader belonging to private equity fund Lindsay Goldberg Bessemer, will close four offices in Germany, thereby shedding 360 jobs. Hamburg, Berlin, Hannover and Bamberg were not profitable, a spokesperson said. A redundancy programme will be worked out for the affected employees.
Eurofound (2005), Klöckner & Co, Internal restructuring in Germany, factsheet number 62703, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62703.