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 German chemical giant BASF has announced 150 job cuts at its factory in Bradford as part of its global restructuring plan, following its takeover of the Swiss group Ciba. It announced that most jobs would be cut by the end of 2010 with the remainder lost by the end of 2013.
BASF employed around 97,000 workers globally at the end of 2008, and warned in April that there were difficult choices to come. The company hopes to save 300 million euros by the end of next year as a result of the restructuring plan. Talks are ongoing with workers' representatives and the company has pledged to make the job cuts in a fair and transparent way.
Eurofound (2009), BASF, Internal restructuring in United Kingdom, factsheet number 69270, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69270.
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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