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 5 September 2014, IT company iSoft announced to cut 60 out of 330 jobs at its sites in Mannheim, Bochum and Bremen. In August, iSoft was acquired by Radiomed. The management named high personnel costs as the main reason for the job reduction.
UPDATE 2014-12-05: As reported by economo on 26 November 2014, Radiomed has cut 70 instead of 60 jobs after the acquisition of iSoft.
Eurofound (2014), iSoft, Merger/Acquisition in Germany, factsheet number 77564, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77564.