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 traditional knitwear manufacturer Gebrüder Wolff, which is headquartered in Hard (Vorarlberg) and runs several plants in Hungary and Slovakia, was declared on 23 January 2007. According to one of the firm’s managers, this insolvency has resulted from an aggressive price policy performed by most of the competitors and thus significant losses in turnover during the past years. As a consequence, all of the 320 domestic employees at the site in Hard and additional 235 workers who are employed by subsidiaries abroad stand to lose their jobs. The governor of the province of Vorarlberg, Herbert Sausgruber, announced a joint drawing up of a re-employment scheme by both the Land and the Labour Market Service.
Eurofound (2007), Gebrüder Wolff, Bankruptcy in Austria, factsheet number 64826, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64826.
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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