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.
Tenneco, the U.S. car parts manufacturer, has announced that its site in Wissembourg, in the Bas-Rhin region, is to close with the loss of 181 jobs. The plant is operated by Tenneco’s subsidiary Wimetal, and exhaust pipes are produced at the site. The site will be closed between December 2007 and April 2008, and Tenneco has cited overcapacity within the region as the grounds for the closure. Tenneco also operates sites in Rennes at which 37 are employed, and Iwuy, at which 59 are employed. The group has stated that these sites will not be affected by the closure of the Wissembourg plant. Tenneco operates 90 plants in 24 countries.
Eurofound (2007), Wimetal, Closure in France, factsheet number 65990, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65990.
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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