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.
The express mail delivery and logistics company DHL, a division of Germany's postal giant Deutsche Post AG, inaugurated its main European hub at Leipzig-Halle airport in eastern Germany on 26 May. The new hub will employ 1,500 by 2012. Two days later the company announced plans to restructure its main American hub at freight airport Wilmington/Ohio; the decision will most probably lead to the closure.
In 2004, Deutsche Post had already announced the planned move from Brussels to Leipzig, since the Belgian capital refused to permit additional night-time flights. DHL added that besides being able to operate around the clock in Leipzig, the central European location was ideal as a hub for emerging markets in Eastern Europe and Asia. At present DHL already operates flights to the Middle East and India from Leipzig-Halle, where DHL currently employs 2,000 people.
On May 29 DHL announced to restructure its hub at Wilmington/Ohio. According to Süddeutsche Zeitung, the hub will be closed. 4,000 DHL jobs are at stake. Only three years ago, DHL had invested 300 mill. euro in its Wilmington operations. The same sum was invested in Leipzig.
Eurofound (2008), DHL, Internal restructuring in Germany, factsheet number 66678, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66678.
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