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 Auchan hypermarket in Mulhouselo, which has been closed from the beginning of the year due to inventory, will be officially closed and its 124 employees will be dismissed. The Auchan group is looking for a buyer of the site to minimise job losses, but the chances of a takeover seem slim. The decision was announced by Auchan's management following an extraordinary works council meeting. The store had already been threatened with closure for several years. The site never managed to take off economically since its establishment in 1998. According to the Auchan group, the shop's annual losses range from €500,000 to €1 million. In a press release, the management has expressed commitment for providing individual support for internal and external mobility. The measures will be subject of negotiations with the representative bodies of the hypermarket. Several restructuring events at Auchan have been recorded on the ERM database - the most recent is a reorganisation on national-level with 1,475 job cuts (FR-Auchan-2020).
Eurofound (2023), Auchan, Closure in France, factsheet number 108184, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108184.
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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