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.
Strauss Innovation, a retailer of clothing and domestic ware, has announced plans to cut 235 out of 1,400 full-time jobs in Germany. The measure, which is meant to save costs and to implement lean management structures, will affect outlet centres, logistics and the company headquarter at Langenfeld, North-Rhine-Westfalia. Family-owned Strauss Innovation was sold to Swedish investor EQT in 2008.
Eurofound (2009), Strauss Innovation, Internal restructuring in Germany, factsheet number 68124, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68124.