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 mail order company Neckermann, part of the US-based Sun Capital group, finally announced bankruptcy, leading to 650 additional job cuts.
Neckermann had already filed for insolvency in July but no investor was found to invest in the fragmented company.
In total the bankruptcy will result in 2000 job losses, 1350 lost in the previous round of restructuring (see here).
Eurofound (2012), Neckermann, Bankruptcy in Germany, factsheet number 74194, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74194.