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.
On 16 October 2006, cooperative bank Norisbank opened 38 so-called Easycredit-shops. Norisbank is planning to establish another 60 shops in 2007 and to create 200 service jobs.
In summer 2006, Norisbank gave up on traditional forms of banking and sold its 98 local banks to Deutsche Bank. Whereas these banks now are part of Deutsche Bank, the workforce is still employed at Norisbank and partly works at the local banks and the new credit shops.
Norisbank's new 'Easy-credit-shop' concept to increase its number of customers is said to follow sales strategies of retail companies: the new shops specialise on easy-to-get credits for private customers.
Eurofound (2006), Norisbank, Internal restructuring in Germany, factsheet number 64285, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64285.