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.
As reported on January 18th, 2012, the federal state bank in Hesse and Thuringia Helaba will cut 450 of 3,200 jobs during the next four years at its Frankfurt, Kassel and Erfurt sites.
This is due to the bank's plans to reduce its costs by € 70 million. The bank announced that there will be no forced dismissals and the job reduction is to be realized by natural attrition. Forced redundancies cannot be implemented until 2015 due to an ongoing agreement on the safeguarding of jobs.
Eurofound (2012), Helaba, Internal restructuring in Germany, factsheet number 72998, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72998.
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