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.
Deutsche Post subsidiary First Mail, a regional budget mailing company, will be closed down and 490 fixed-term employments will be lost. The remaining 910 trainees and 180 permanent employees will be reemployed by the mother company Deutsche Post.
The closure of First Mail results from a court judgment concerning the dumping of prices against First Mail. Since the Supreme Administrative Court of the North Rhine-Westphalia region ruled that First Mail had to raise prices, the decision was made to close down the entire operation.
The company employs 1,600 people.
Eurofound (2011), First Mail, Closure in Germany, factsheet number 72777, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72777.