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 25 November 2009, Postbank, a financial services provider, announced the cut of around 2,000 jobs by the end of 2012. The company stated that it wanted to cut 500 to 700 jobs annually over the next three years. Postbank seeks to avoid direct dismissals. Job cuts are to be realised by natural wastage. Employees in the administrative units will be most affected. Postbank currently employs 21,000 staff.
Eurofound (2009), Postbank, Internal restructuring in Germany, factsheet number 69935, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69935.