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.
The Swedish defence and aerospace company Saab plans to lay off 1,000 to 1,500 workers through 2005 and 2006, because of shrinking Swedish budgets and defence orders from the government. Sweden, whose policy is armed neutrality, has decided to cut its annual defence budget by 3 billion kronor ($431,3 million), by 2007. ‘The armed forces are again reassessing materiel plans, and while we anticipate some new developments to arise, the orders for the Swedish defence industry are probably very limited', Saab's president and chief executive Åke Svensson said. Last year, Saab laid off 350 workers because of a drop in Swedish military orders. The company currently employs 11,936 workers.
Eurofound (2005), Saab, Internal restructuring in Sweden, factsheet number 61168, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61168.
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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