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 17 July Metro, a German wholesale and retail company, announced its restructuring progamme that will involve the cutting of 900 posts worldwide by 2015.
Job cuts will affect the administrative department - at the Düsseldorf headquarter 200 out of 3,000 administrative jobs are at risk, jobs at Metro Properties, at Metro Logistics and at Metro Services (IT). Currently, these divisions employ 11,000 staff. In Düsseldorf, jobs will be shed by natural fluctuation.
There is no more precise information on the global job cuts available yet.
Eurofound (2012), Metro, Internal restructuring in World, factsheet number 73907, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73907.