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.
The Czech engineering company Cylinders Holding announced that it will massively increase its production of medical gas cylinders and will hire at least 100 new employees at its Ostrava site. The enormous growth in demand for medical cylinders was noticeable since February 2020, when orders from Italy and Spain spiked due to the outbreak of COVID-19.
Vítkovice group is the world's biggest manufacturer of seamless steel high-pressure cylinders. According to the latest reports, the company's sales amounted CZK 2.7 billion (€100.5 million as at 15 April 2019) in 2018 and net profit in the same year was CZK 123 million (€4.5 million).
Currently, the Ostrava plant has 500 workers. The company operates also in Poland and Belarus.
Eurofound (2020), Cylinders Holding, Business expansion in Czechia, factsheet number 100247, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100247.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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