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.
Bankruptcy has closed the Pannon Szárnyas Kft chicken processing plant in Győr, Hungary and 300 employees have been dismissed. The company had debts to the tune of over a billion forint (€3 million). Pannon Szárnyas has been grounded in 1998 and planned the processing and selling of 10-15 million chickens annually. In the second half of 2009 the company began to really struggle due to low sales prices and could no longer pay its employees. Since the announcement of the bankruptcy the trade union Vasas (www.vasasszakszervezet.hu) has arranged that outstanding wages will be reimbursed in October 2010 from the national Wages Guarantee Found.
Eurofound (2010), Pannon Szárnyas, Bankruptcy in Hungary, factsheet number 70871, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70871.
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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