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.
On 12 March 2009, the car radio manufacturer Harman Becker announced to cut 950 jobs across Germany. The job cuts are attributed to a loss in sales. In January 2009, sales declined by 33% or 35 million euro in comparison to the same month in the previous year. Harman Becker employs around 3,800 employees in Germany.
Eurofound (2009), Harman Becker, Internal restructuring in Germany, factsheet number 68506, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68506.