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.
Ferry company Scandlines, a merger of the national German and Danish ferry companies, has announced that it is to cut 400 jobs (out of 2,400) in an effort to cope with the decrease in transport volume due to the financial crisis. On June 2009, the company announced that job cuts will occur sooner than previously planned. As they were planned to be realised by 2011, it is to be assumed that they now will be realised in 2009 and 2010. However, no precise date has been given for the implementation of the job losses.
Eurofound (2009), Scandlines, Internal restructuring in European Union, factsheet number 68339, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68339.