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 24 November Tetterode, supplier of printing presses and related products and services, announced it will cut 65 out of 415 jobs in the Benelux. Background is the dramatic loss of turnover since the outbreak of the crisis. Many printing companies went bankrupt and banks are hesitant to supply loans. Furtnermore, new competitors from Eastern Europe have recently emerged .
Eurofound (2010), Tetterode, Internal restructuring in European Union, factsheet number 71355, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71355.