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 7 July 2011, DB Schenker Rail announced to cut 410 jobs in Saxony. The job cuts are related to the closure of a railway station (Dresden-Friedrichshafen). The company stated to restructure its rail cargo business. Employees affected are offered different perspectives. Some of them will go into retirement or leave the company within the next two years. Around 230 engine drivers were offered to transfer to other stations, i.e. Mannheim or the commuter railway in Berlin. DB Schenker Rail is an affiliate of the German railway operator Deutsche Bahn.
Eurofound (2011), DB Schenker Rail, Closure in Germany, factsheet number 72570, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72570.
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