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.
Crédit Agriole, the French bank, is merging with Crédit Lyonnais. This merger will cost the company 1 billion euros, 250 million of which will be dedicated to employment measures. 6,000 employees are concerned by a transfer, and special transfer benefits will be awarded to them. The bank also counts on 1,100 voluntary leaves. On 20 February 2004, Crédit Lyonais Securities Europe will be sold to Oddo & Cie. Some 60 jobs will be lost in the process. On 18 May 2004, Crédit Lyonnais announced 475 job losses in central functions. The merged group is looking for 4,600 job cuts worldwide, 2,800 in France. On 15 July 2004, 30 job cuts were announced following the merger of Predica and UAF, the life insurance arms of both banks.
Eurofound (2004), Crédit Agricole, Merger/Acquisition in France, factsheet number 59691, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59691.
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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