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.
Aviation Passage Service Berlin (APSB) has lost the contract for providing passenger check-in services at Berlin-Tegel airport which will make 220 jobs redundant. On 24 September 2014, the compnay’s CEO informed the employees about the process. Staff will lose their jobs by November 2014.
APSB was a sub-company of Globeground. From November 2014 on, Globeground will charge other companies with the service to save costs. For the 220 APSB employees, a social plan is going to be set up.
Eurofound (2014), APSB, Bankruptcy in Germany, factsheet number 77720, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77720.