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.
In the framework of a worldwide restructuring programme, the Austria based RHI refractories company is to cut 250 jobs in Austria by the end of 2009. According to Thomas Fahnemann, the group's CEO, the firm plans to cut 80 jobs in Styria, 60 in Carinthia and 50 at its headquarters in Vienna. This is a part of a worldwide cost savings programme of the company, affecting some 1,000 employees, which became inevitable to cope with dramatic cutbacks in orders. In order to mitigate the social consequences of the planned dismissals, the company provides voluntary severance payments and retraining measures for the employees affected. Moreover, it has set up a special social fund to prevent cases of social hardship.
Eurofound (2009), RHI, Internal restructuring in Austria, factsheet number 68839, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68839.
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...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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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