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 announced on October 18, 2012 air cargo handling provider FDGHG, a subsidiary of Flughafen Düsseldorf, will cut 372 jobs. This is due to increasing cost pressures and strong competition.
In total, FDGHG employs 800 people, of which about half will be made redundant. Forced redundancies are not ruled out, but 120 people are said to be transferred to Flughafen Security, another subsidiary of Flughafen Düsseldorf. It is reported that they are to accept lower salaries with the transfer.
Eurofound (2012), FDGHG, Internal restructuring in Germany, factsheet number 74377, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74377.
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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