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 glass factory Steklarna Rogaška, owned by Finnish Fiskars Group, announced 140 to 144 layoffs. The company, producing the crystal glass and hand-made products, ran into difficulties in 2022 and ended the year with €5.6 million losses. According to its annual report, the sale of commodities has been affected by rising commodity prices, energy, and transport costs due to the war in Ukraine.
According to the newspaper Dnevnik, Steklarna Rogaška is to lay off about one-sixth of its 850 employees using voluntary layoffs. About half of the redundant workers are from Croatia. As the company offered a relatively high severance pay, there is reportedly a considerable interest in leaving the company voluntarily.
Eurofound (2023), Steklarna Rogaška, Internal restructuring in Slovenia, factsheet number 200318, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200318.
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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