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 September 2001, Adam Opel AG, subsidiary of General Motors, introduced the `Olympia' restructuring programme, seeking to return the company to profitability. The programme includes measures such as the reduction of production capacity and savings in the area of supplies. In negotiations between the Opel German works council and national management, both parties agreed to reduce the company's workforce by 2,500 during the years 2002 and 2003. In October 2003, Opel is cutting the working week of about 5,500 employees to 30 hours. Opel said this was aimed at avoiding layoffs at a time when demand for new cars in Germany was weak.
Eurofound (2001), Adam Opel (General Motors), Internal restructuring in Germany, factsheet number 59369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59369.
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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