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.
Wellmann KG, a firm that manufactures furniture for kitchens, is to cut 400 jobs in Enger. The site in Enger employs 700, and the job losses will be implemented by the end of 2007. The job losses are part of a general restructuring operation at Wellmann’s parent company Alno, who are seeking to improve their profitability after losing 15.7 million EUR in 2006. Employees affected by the restructuring may be offered jobs at other Alno affiliates, and a scheme to help employees find new work may also be offered by the firm.
Eurofound (2007), Wellmann KG, Internal restructuring in Germany, factsheet number 65681, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65681.