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 19 March 2010, Pfleiderer, a provider of engineered wood products, announced it will cut further 130 out of currently 5,600 jobs worldwide and 2,400 jobs in Germany, respectively, by the end of the year. The job reduction is part of a cost saving plan which has already resulted in a loss of 130 jobs. Furthermore, its location in Gschwend where around 100 employees are currently working short-time may be shut. The decision of the management is expected by the end of 2010.
Eurofound (2010), Pfleiderer, Internal restructuring in Germany, factsheet number 70341, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70341.