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 engineering company Lingl will cut 172 jobs. In January, Lingl filed for financial shield proceedings, a new form of insolvency programme. Job cuts are to be implemented immediately. The company announced to offer the opportunity to be employed in an interim employment agency. In total, Lingl employs 550 people.
Eurofound (2013), Lingl, Bankruptcy in Germany, factsheet number 75315, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75315.