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.
On 12 January 2012, the world's biggest maker of wind turbines, Vestas, announced 2,335 job cuts worldwide (about 10% of its workforce) in the framework of a major restructuring plan, which will also probably lead to 1,600 job cuts in the United States. Of the 2,335 job cuts, 1,800 are located in Europe. Vestas already cut 1,900 jobs in April 2009 and 3,000 in October 2010. Vestas is also threatening to make 1,600 employees redundant in the USA, which will undermine President Barack Obama's goal of creating green jobs and adds to pressure on the US Congress to extend a tax credit that Vestas relies on. The company is also facing an increase in competition from Chinese manufacturers.
Eurofound (2012), Vestas, Internal restructuring in World, factsheet number 72951, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72951.
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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