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 mobile telecommunications company Debitel AG considers cutting between 110 and 150 jobs, it was reported on 3 December 2004. Most of the jobs to be slashed will be in the head office in Stuttgart. Reportedly, the company does not rule out the possibility for forced lay-offs.
Debitel informed its employees about the planned job cuts at a meeting on 2 December 2004. The company was said to have already laid-off 18 employees from the IT department. According to the reports, all dismissals are to be announced no later than the week starting 6 December 2004. It has not become clear yet which of other departments will be affected by the job cuts.
Eurofound (2004), Debitel, Internal restructuring in Germany, factsheet number 60897, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60897.
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