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.
German airline Augsburg Airways is to cut 360 jobs (cabin and cockpit crew). A social plan for the redundancies is under negotiation. As announced the company is threatened with closure till the end of October 2013. This restruction is attributed to the termination of cooperation with Lufthansa. In case of a closure, 100 people employed in the technical support and administration units will be made redundant as well.
Eurofound (2013), Augsburg Airways, Closure in Germany, factsheet number 75175, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75175.