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.
Gigaset Communications, a Munich-based producer of telephones, was an affiliate of Siemens before it was sold to investor Arques. The company has announced that it is to cut 300 jobs out of 2,100. About half of the job losses will be implemented through natural wastage, the remaining 150 redundant employees will be transferred to a job creation agency. As of February 2009 there is no information on when the job losses will occur.
Eurofound (2009), Gigaset Communications, Internal restructuring in Germany, factsheet number 68368, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68368.