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 26 July 2016, fashion retailer Steilmann announced to cut 100 jobs at its affiliate fashion stores Boecker by 31 August 2016. Job cuts affect 5 out of the 12 Boecker fashion stores in Germany. The company announced its insolvency on 23 March 2016. The insolvency administrator since informed that 3 fashion stores will be taken over by U&F Moden and 4 stores by Crossover company. The fact that 4 out of 7 fashion stores will be taken over will save 230 out of 330 jobs, amounting to 70% fo total employment.
Eurofound (2016), Boecker, Closure in Germany, factsheet number 88290, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88290.