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.
In mid-January 2012, the German race track Nuerburgring announced to cut 92 out of 338 jobs. The job cuts affect permanent staff as well as employees on fixed-term contracts, which will not be renewed
As it became already known in December 2011, the company is at stake due to shortage of visitors and high fixed costs to maintain the facilities.
Eurofound (2012), Nürburgring, Internal restructuring in Germany, factsheet number 72876, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72876.