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.
Peugeot is to close its car plant at Ryton near Coventry with the loss of 2,300 jobs. The plant, which assembles the Peugeot 206, is to cease production in the middle of next year. Jean Martin Folz, chief executive of Peugeot Citroen, said on Tuesday that a study had showed that Ryton had high production and logistical costs. This meant the group was unable to justify the investment needed for the production of future vehicles. The Ryton plant currently operates on a two-shift system. Initially the company announced that production would be stopped in two phases by moving to a single shift in July 2006, and then halting production completely in mid-2007. They updated this position on 11 October 2006 and announced that in fact the plant would close up to 6 months earlier. Union officials said the news was disastrous for British manufacturing. Derek Simpson, general secretary of Amicus, said: 'It is inconceivable that workers in France would be laid off on this scale. Weak UK labour laws are allowing British workers to be sacrificed at the expense of a flexible labour market.'
Eurofound (2006), Peugeot, Closure in United Kingdom, factsheet number 63365, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63365.
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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