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 10 November 2006, Commerzbank, a financial services provider, announced that it is planning to create 700 jobs. 500 of the jobs shall be created at the branches while the other 200 will be placed at its online-branch called Comdirect.
The job creation measures are part of its strategy to concentrate more strongly on the acquisition of new private costumers. The job creation scheme shall be completed by 2009. At the moment, Commerzbank employs 25,304 people in Germany.
On 30 May 2007, Commerzbank announced that in 2007 300 jobs will be created by introducing new opening hours at branches. By the end of the year 2007, 250 branches will open on Saturdays, the company says.
Eurofound (2006), Commerzbank, Business expansion in Germany, factsheet number 64449, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64449.
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...
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