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.
(49 - 53) Transportation / Storage 49 - Land transport and transport via pipelines 49.4 - Freight transport by road and removal services 49.4 - Freight transport by road and removal services
280 jobs Number of planned job losses
Announcement Date
14 May 2008
Employment effect (start)
14 May 2008
Foreseen end date
Description
Rico, a freight and transport logistics company based in Germany, has announced insolvency with a total loss of 280 jobs. The company employs 350 people in total and is to retain 70 employees to carry out some orders from large client companies. 50 employees will carry out the orders and 20 will remain for administrative responsibilities.
The parent company is active in Germany and Eastern Europe and employs 3000 employees in total, with 1000 in Sachsen Anhalt (500 in the head office), and 2000 in a daughter company in Poland.
Sources
14 May 2008: Nordwest Zeitung
Citation
Eurofound (2008), RiCoe, Internal restructuring in Germany, factsheet number 68126, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68126.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...