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.
Wella AG, producer of hair care products controlled by Procter & Gamble Co., plans to cut about 600 jobs in its cosmetics section (2,000 employees worldwide). These workers will be offered transfers to Procter & Gamble and its distributors, affecting 180 jobs in Germany. This is part of an agreement giving Wella's parent company the right to license its products. In July 2004, announcement of around 1,200 jobs to be cut at Wella, controlled by US consumer goods giant Procter & Gamble. The job cuts will affect mainly the production and distribution activities. At least 200 jobs will be cut in Germany alone. As part of the cost cutting measures, several production plants will be closed, including the Kabadell factory in Lenzkirch. Around 100 jobs will go at Wella's plant in Hunfeld, which currently employs 1,100 staff.
Eurofound (2004), Wella AG, Merger/Acquisition in World, factsheet number 59815, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59815.
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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