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 4 September 2013, the online portal Presse.com reported on the cut of 520 jobs at Alpine Deutschland. This measure was due to company bankruptcy.
According to the report, the insolvency administrator secured a buyer for foreign business and the power plant construction division. Therefore, 730 employees can keep their jobs. Nonetheless, 520 jobs are lost in divisions that could not be sold. Affected employees are offered a position in a transfer agency that provides them with continuous training offers and placement services. Alpine Deutschland employed 1,250 employees in total.
Eurofound (2013), Alpine Deutschland, Bankruptcy in Germany, factsheet number 75830, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75830.