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.
As announced on 25 July 2024, the German credit bank DKB, a subsidiary of BayernLB, plans to cut 15% of its 5,000 positions by the end of 2025. This corresponds to 600 to 700 jobs.
The bank is undergoing a transformation process. An efficiency program is intended to prevent an increase in personnel costs. This program is a response to inflation, low demand for credit, and anticipated salary increases from ongoing collective bargaining negotiations.
The bank had a total balance sheet of €134 billion in 2023.
Eurofound (2024), DKB, Internal restructuring in Germany, factsheet number 201985, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201985.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
