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.
Siemens announced its intention to delocalise 2,000 jobs to Hungary. The concerned sites are Bocholt and Kamp-Lintfort, which produce mobile and fixed telephones. On 25 June 2004, an agreement has been reached with IG Metal. A two-year contract stipulates that as of 1 July 2004, the workers of the two sites will work 40 hours a week, without monetary compensation. According to necessity, the weekly schedule may rise up to 48 hours a week, without compensation. The average working time over the two-year period may not however exceed 40 hours per week. Christmas and holiday bonuses will be replaced by results-linked bonuses. This agreement has allowed to save the 2,000 jobs. It indeed reduces production cost by 30%.
Eurofound (2004), Siemens, Offshoring/Delocalisation in Germany, factsheet number 60153, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60153.
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...
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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