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 29 September 2016, German dairy company Deutsches Milchkontor announced to cut 250 jobs by 2017. The company cooperates with more than 8,300 active dairy farmers in Germany and produces a wide range of dairy products. Deutsches Milchkontor will reduce their sales and administrative staff due to the dairy market crisis with an oversupply of milk leading to low milk prices all over Europe. Therefore the turnover of the company decreased from €5.3 billionin 2014 to €4.6 billion in 2015.
The affected sites are Bremen, Everswinkel and Zeven. Everswinkel will be affected with a partial operations closure and a loss of 120 jobs. Deutsches Milchkontor employs 7,500 people across 26 sites in Germany.
Eurofound (2016), Deutsches Milchkontor, Internal restructuring in Germany, factsheet number 88783, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88783.
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