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 cable network operator Unitymedia announced plans to cut about 500 jobs. According to the company, job cuts are due to a decrease in global demand. Mainly, Unitymedia wants to digitise the business and expand its online services. Moreover, according to the company restructuring measures have become necessary as the company wants to enhance efficiency, customer friendliness and its capacities more generally.
Executive board and employee representatives will start to negotiate about the terms of restructuring at the end of May. The works council is aiming to reduce the job cuts sharply. In 2012, Untymedia had to cut jobs due to the merger with Kabel BW (see 06.2012).
Unitymedia, headquartered in Cologne, currently employs 2,700 staff.
Eurofound (2016), Unitymedia, Internal restructuring in Germany, factsheet number 87396, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87396.
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