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.
As announced on October 4, 2012, German sanitary paper manufacturer Wepa will cut 150 out of 2,900 jobs in Germany. This is reported to be due to cost pressure.
Most of the announced cuts affect the sites of Arnsberg-Müschede and Marsberg-Giershagen. In the wake of the acquisition of Kato-Group’s Italian sites in 2009, Wepa created administrative jobs there, which are now to be reduced.
Wepa aims to avoid forced redundancies.
Eurofound (2012), Wepa, Internal restructuring in Germany, factsheet number 74332, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74332.
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