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 13 November 2006, SAS, a US-American software company, announced the closure of its headquarter for Europe, Africa and the Middle East as part of its internal restructuring strategy. Therefore, the 240 employees working at the European headquarter in Heidelberg will be made redundant. The measurement shall take effect by the end of March 2007.
SAS also stated that the company wants to support the affected employees with a special job-programme. The programme shall enable the 240 employees to find a new job within or outside the company easily. SAS employs a workforce of 730 persons in Germany.
Eurofound (2006), SAS, Closure in Germany, factsheet number 64466, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64466.
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