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 textile enterprise Venca has applied for a redundancy procedure affecting 86 employees (18% of its workforce). The redundancies will affect all business areas (e.g. logistic, customer services). The measure is due to a drop in sales.
Eurofound (2011), Venca, Internal restructuring in Spain, factsheet number 72614, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72614.