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.
Synsam, a Swedish eyewear manufacturer, decided to move its entire glasses production from China to Ockelbo, Sweden, where it plans to construct a new 6,000 square meters factory. The decision was driven by the company desire to enhance its resilience, reduce dependency on high-risk countries, and align with sustainability goals. The company invested SEK 250 million in the new facility hiring 150 people. The factory was planned for completion in late autumn 2021 and was expected to produce about one million glasses annually. Håkan Lundstedt, the CEO of Synsam, explained that bringing production to Sweden aligned with their sustainability strategy, focusing on reducing climate impact and responding to consumer preferences for locally produced goods. The move is seen as an opportunity to create jobs in Sweden, improve product quality, and control working conditions.
Eurofound (2020), Synsams, Reshoring in Sweden, factsheet number 297, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/297.
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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