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.
Czech Engineering-metallurgical company Unex has significantly reduced the number of employees due to the COVID-19 crisis. Since April, about 200 job cuts were implemented in two manufacturing sites (Uničov and Olomouc). Company spokesman Boris Keka cites a drop in global demand as the main reason. Unex, which still employed about 1,100 people in April, exports over 80 percent of its production. Production at the Uničov plant has been significantly reduced since mid-March, when the city was closed due to the spread of coronavirus.The largest redundancies occurred in the Olomouc plant where a hundred of the total 150 employees lost their jobs.
Eurofound (2020), Unex, Internal restructuring in Czechia, factsheet number 101112, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101112.
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...
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