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.
Strabag Magyarország dismissed 200 workers in early 2009. The job cuts were attributed to the contraction of the Hungarian building industry caused by the global economic crisis. Mr Fényi, company communications manager, in reply to an inquiry made by Index (an on-line news portal) claimed that if trends remained unchanged the number of dismissals could rise up to even 30% of the company's headcount. Prior to the restructuring, the company employed 3,941 persons. Budapest-based Strabag Magyarország is a subsidiary of construction group Strabag SE.
Eurofound (2008), Strabag Magyarország, Internal restructuring in Hungary, factsheet number 70110, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70110.
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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