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.
As reported on 6 June 2012, German cable network operator Unitymedia will cut 232 jobs. This is due to a merger with Kabel BW. Job cuts will occur at the former Kabel BW headquarters in Heidelberg as well as in Kerpen and Bochum. A site in Marburg, currently employing 100 people, will be closed.
When the Federal Cartel Office agreed to the merger in December 2011, Unitymedia took over Kabel BW and its employees. In total, the company now employs 2,500 people.
Eurofound (2012), Unitymedia, Merger/Acquisition in Germany, factsheet number 73684, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73684.