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.
Deutsche Post is planning to cut between 800 and 1,000 jobs at its mail operations after merging its parcel business with the mail division. The job cuts will affect those in the personnel division, controlling and IT, the source added. The company said that there will be no direct dismissals but that the reductions would be achieved by -among other measures - redeploying affected employees elsewhere within the group. Overall sales of the parcel/mail division increased by 2.9% in the first quarter of 2007 amounting to 3.93 billion Euro, according to a company press release.
Eurofound (2007), Deutsche Post, Internal restructuring in Germany, factsheet number 65367, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65367.