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.
On 20 December 2012, German publisher and media retailer Weltbild announced plans to end its activities in Poland by the end of June 2013. As a result, 320 employees will be dismissed.
Gunther Gerlach, director of Weltbild, revealed that main reason behind this decision is the fact that the company has not found a business partner in Poland. The company is still looking for an investor who will take over the bookstore chain Świat Książki (38 bookstores across the country).
Weltbild has been operating in Poland since 2000.
Eurofound (2012), Weltbild Polska, Closure in Poland, factsheet number 74747, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74747.