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 27 October 2011, supplier of bakery products and food preservation CSM announced that it will cut 500 jobs worldwide in the next two years. CSM currently employs 7900 people. The job cuts are attributed to the fear of a continued recession and the need to cut costs. As of october 2011, there is no information on the affected sites.
Eurofound (2011), CSM, Internal restructuring in World, factsheet number 72648, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72648.