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 14 March 2103, airline catering provider Gategroup announced plans to cut 1,200 jobs across its European operations. According to the company, these measures have become necessary due to a decline in demand in Europe. The Swiss-based company, which currently employs around 26,600 staff, has already reduced its workforce by 240 positions in 2012.
The announced job cuts will be implemented by the end of 2013 but till now no further information has been available on the location(s) of affected units.
Eurofound (2013), Gategroup, Internal restructuring in European Union, factsheet number 75078, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75078.
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