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.
ŽDB Group, a Czech metallurgical company has announced to cut 500 out of 2,500 jobs by the end of September 2009 due to a sharp fall in customer orders. The company has reported that about 500 jobs have been already lost since January 2009 as a consequence of the global crisis. Trade unions are ready to call a protest meeting against further dismissals.
Eurofound (2009), ŽDB Group, Internal restructuring in Czechia, factsheet number 68926, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68926.