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 airline Air Berlin will cut 900 jobs until 2014. This is part of a larger restructuring programme at Germany’s second largest air carrier. It will include a range of measures to fight its net debts of about EUR 800 million, such as the downsizing of the number of flights and air planes, as well as implementing wage cuts.
Negotiations with the trade union and the works council are ongoing.
Eurofound (2013), Air Berlin, Internal restructuring in Germany, factsheet number 74807, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74807.