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 26 July 2009, Singulus, a manufacturer of Blu-ray Disc, DVD and CD devices, announced to cut 190 out of 700 jobs worldwide. Job cuts are part of a restructuring programme dealing with the negative impact of the global economic crisis. The company's revenue for the first half of 2009 shrunk to 67.1 million euro (compared to the prior-year total of 81.3 million euro). Details on timelines or affected sites have not been released so far.
Eurofound (2009), Singulus, Internal restructuring in World, factsheet number 69336, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69336.