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.
Hydro Aluminium Structures at Raufoss is a part of Norsk Hydro, and produces among other things bumper parts for Audi and BMW. Already in July the company announced downsizing because of lower demand from car manufacturers. On the 30th September the company told the media that 120 of the 600 employees had to leave. Two thirds - around 80 - will receive lay-off notice, and the remainder will be subject to dismissal or early retirement.The exact number of dismissals is still to early to tell. The downsizing has already started, but there are no further indications of a timeframe. The union representatives complained to the media in July that Norsk Hydro were not committed to the production of automotive components, and they feared at least 50 dismissals.
Eurofound (2008), Hydro Aluminium, Internal restructuring in Norway, factsheet number 67157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67157.
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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