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.
German wholesale and retail company Metro has announced a cost savings plan that will affect the logistics division in Germany and the wholesale unit in Portugal. According to German newspapers this will result in the loss of a total of 385 job losses.
In Germany, the restructuring will involve the closure of a warehouse in Sarstedt (Lower Saxony) currently employing 235 persons. At the same time 150 new posts will be created in other sites elsewhere in Germany.
The wholesale operations in Spain and Portugal will be streamlined. On 1 May 2012, the Spanish and Portuguese wholesale headquarters will be merged and relocated to Madrid. German media sources do not desclose the number of job losses at the headquarters. Another 120 jobs will go in Portugal with the closure of a wholesale supermarket in Aveiro.
Eurofound (2012), Metro, Internal restructuring in European Union, factsheet number 73464, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73464.