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 19 May 2006, a spokesperson of Kraft Foods, an American producer of food and beverages, stated their aim to cut up to 450 jobs at German production locations. 150 to 200 jobs shall be reduced at the production location in Lörrach and another 250 jobs shall be cut at the production location in Fallingbostel. The reduction of jobs is part of the internal restructuring programme that was already announced in January 2006 by the American headquarter. It was declared then that 8000 jobs all over the world would be cut until the end of 2008.
Eurofound (2006), Kraft, Internal restructuring in Germany, factsheet number 63557, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63557.