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 bio-sourced chemistry company Alpha Chitin has announced the recruitment of 150 employees within four years for its new production site located in Lacq (Pyrénées-Atlantiques). The plant is going to be ready in summer 2022 and it is producing chitosan, a molecule that is very useful in the health sector for the production of vaccines, certain medical implants or for cosmetics. About twenty jobs are being created for the plant's start-up. The workforce should then increase to 150 employees within four years. The State provided Alpha Chitin with a budget of 925,000 euros to boost its R & D, as part of the recovery plan. Through this, the development process has been accelerated. The company has developed a very innovative industrial process, by which chitosan is extracted from fly larvae, shrimp shells (krill) and a specific fungus. It is the only one to produce these molecules in Europe, and its ambition is to become the reference producer of these molecules, since China has reduced its exports. Alpha Chitin should be able to produce 2,000 tonnes of chitosan per year within 4 years.
Eurofound (2021), Alpha Chitin, Business expansion in France, factsheet number 105454, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105454.
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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