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.
Lino audiniai, the largest linen textiles producer in Lithuania, which employs 900 workers, announced its bankruptcy on 13 June, 2008. Lino audiniai is a subsidiary company of linen company Linas in Panevezys. According to the administration, 400 employees will be dismissed and 500 employees will be employed in other Linas group companies (Lino apdaila and Lino aptarnavimas). The closure is attributed to decreased turnover of the company determined by the import of cheaper goods from Asian companies.
Eurofound (2008), Lino audiniai, Bankruptcy in Lithuania, factsheet number 66780, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66780.
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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