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.
Tele2, Austria's third largest fixed network and internet provider, plans to reduce its workforce from 300 to 260-270 by the end of 2010. So far, the company sent written notification of the planned dismissal of 17 persons to the Labour Market Service (AMS). The rest of the planned job reductions will take the form of natural attrition, according to the company's general manager Mr Pufitsch. The reason for the redundancies is the need for improved performance. The company has had economic difficulties that have been caused by a decline in prices and the switch of private customers from landline telephone lines to mobile phones and from fixed internet access to mobile internet. After a drop in sales in 2009 of 10 percent, the company expects a further drop in sales for 2010.
Eurofound (2010), Tele2, Internal restructuring in Austria, factsheet number 71040, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71040.
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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