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.
In the course of ongoing restructuring of the Austrian Airlines (AUA) since 1997, the company's management on 6 October 2006 notified a planned staff reduction by some 350 employees. According to Alfred Ötsch, the company's CEO, the management aims to reduce the size of the workforce without direct dismissals but by 'natural leaving' and hiring out of personnel. Moreover, the management wants to introduce a variable pay system and more flexible working hours based on an annualised scheme in order to save on overtime payments. These measures would be necessary to arrive at balanced finances. The works council is opposed to these plans and has threatened industrial action.
Eurofound (2006), Australian Airlines, Internal restructuring in Austria, factsheet number 59308, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59308.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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