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 German group TUI, active in the travel and tourism business, announced it will hire 1500 new employees worldwide, 1000 of which will be hired to work in 100 travel destinations, and 500 new employees for its IT infrastructure. New jobs will be in Germany (TUI2022 - DE), Belgium, the Netherlands, Ireland, and Great Britain. TUI is to recruit new staff in all fields of its operations, including travel guides, child carers, fitness coaches, and entertainers as well as a larger number of IT workers. IT workers will be allowed to work remotely from anywhere in Europe. TUI wants to significantly expand its business again after huge losses during the COVID-19 pandemic, when it lay-off almost 8000 employees.
The German TUI group is running 1,600 travel agencies, several online portals, five airlines with around 150 aircrafts, over 400 hotels, 16 cruise ships, and destination agencies in all major holiday countries around the world.
Eurofound (2022), TUI, Business expansion in World, factsheet number 106618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106618.
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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