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.
Somagic is a French company specializing in the manufacturing and sale of barbecues. In 2022, the company reshored part of its production to La Genête with the acquisition of a new machine. The company offshored most of its production to China and Asia in 2001 to meet market demands for cheaper products and then decided to enhance local production, offer more "Made in France" products, and limit reliance on Asian supplies for certain components. The company maintains its factory in China with a workforce of 200 people, as they have specific expertise that in France it does not have. The acquired machine enables laser cutting and sheet metal bending, tasks previously outsourced. The overall investment project costs 1.2 million euros, supported by subsidies from the Region and the State, totaling 460,000 euros. The new machine was expected to start operation in March 2022, offering the potential hiring of two to five people over the next two to three years.
Eurofound (2022), Somagic, Reshoring in France, factsheet number 266, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/266.
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...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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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