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.
Electronics retail chain ProMarkt, a subsidiary of German retailer REWE will close 10 out of 70 chain stores in Germany until the end of 2012. 290 out of 1,890 full-time posts will be lost. The restructuring is reported to be necessary to save ProMarkt from bankruptcy. The remaining stores will be modernized.
A social plan has been agreed on with the works council.
Eurofound (2012), ProMarkt, Closure in Germany, factsheet number 74073, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74073.