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.
The largest German cable network provider for television services Kabel Deutschland (KDG) announced plans to reduce its workforce by 20%.
According to the press release in October 2006, the company will shed 380 jobs at its regional technical divisions which employ a workforce of 800. Most of the employees affected are civil servants and do have a right to return to former KDG owner Deutsche Telekom, the company says.
The news came by surprise since KDG's flourishing business is expanding to include internet and telephone network services in the future. According to KDG, job cuts are necessary to cope with competitor Deutsche Telekom.
On 4 April 2007, Kabel Deutschland announced that it would cut between 200 and 220 jobs instead of the formerly announced 380 jobs. The company is seeking increased efficiency in its technical service unit.
KDG currently employs a workforce of 2,600 people and it already cut 90 jobs in summer 2006.
Eurofound (2006), Kabel Deutschland (KDG), Internal restructuring in Germany, factsheet number 64284, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64284.