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.
LKQ Europe, a branch of the multinational LKQ group, specialised in distributing alternates and speciality parts to repair and accessorise automobiles and other vehicles, announced that it will create between 200 and 250 jobs at its new innovation and service centre in Katowice. The centre is expected to be launched in mid-2021. The recruitment process has started in April 2021. It is not clear yet when the recruitment will be finished.
The centre will help develop the company’s innovation and digitalisation strategy, offering innovative digital products and solutions to its customers while strengthening cost competitiveness and process efficiencies.
LKQ Europe, with its head office in Zug, Switzerland, a subsidiary of LKQ Corporation, is the leading distributor of automotive aftermarket parts for cars, commercial vans and industrial vehicles in Europe. LKQ Europe currently employs about 26,000 people in 1,000 branches providing its products in over 20 European countries.
In July 2020, LKQ Belgium announced a job cut plan which was expected to result in 108 job loss in total at its Belgian site.
Eurofound (2021), LKQ Europe, Business expansion in Poland, factsheet number 105021, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105021.
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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