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.
The insolvency administrator of German drugstore chain Schlecker has announced to close Schlecker's subsidiary Home Shopping, an online shop, with the subsequent loss of 100 jobs. The redundancies will be implemented by 12.08.2012.
These job cuts come on top of the more than 20,000 jobs which were lost earlier this year (see here) in the frame of Schlecker's bankruptcy. The insolvency administrator responsible stated that there were no take-over offers by any investor, which made the closure of the online shop unavoidable.
Eurofound (2012), Schlecker Home Shopping, Bankruptcy in Germany, factsheet number 73962, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73962.
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