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 engineering group ABB announced on May 18, a plan to cut 156 jobs at its robotic division, mainly in Saint-Ouen-l'Aumône (Val d'Oise), due to structural deficit and decline in activity (-20% on one year), management said. This restructuring comes just months after a plan which had already resulted in the loss of 460 jobs in 2009 at the end of several months of conflict between management and unions. A central delegate of CFE-CGC union explained that ABB has no economic reasons to lay off workers and that the company intends to « pursue its relocation to China ». Management proposed a severance pay of 40.000 euro for each dismissed workers.
Eurofound (2010), ABB, Internal restructuring in France, factsheet number 70754, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70754.
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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