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 shoe retailer Görtz announced a two-year restructuring programme. At least 100 positions will be cut. The restructuring plan includes the cutting of 100 out of 250 posts at its Hamburg headquarters, the closure of 30 out of 260 chain stores in Germany and the closure of all stores in Poland. Numbers beyond the job cuts at the headquarters are still to be specified, although the company said it would give redundant retail staff the possibility of relocation.
Talks with the works council for agreeing on a social plan started in July. The company gave as reason for the restructuring that it underestimated the competition by internet shopping.
Currently, the company employs more than 4,000 people.
Eurofound (2012), Goertz, Internal restructuring in Germany, factsheet number 73979, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73979.
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