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 8 April 2009, the Austrian based manufacturer of refractories, RHI, announced to cut around 100 out of 1,100 jobs in Germany due to a a steep slump in demand. Job cuts are part of a global restructuring programme by which RHI seeks to save 80 million euros annually. The cuts are to affect production as well as administration departments.
Eurofound (2009), RHI, Internal restructuring in Germany, factsheet number 68692, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68692.