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.
Pharmaceutical manufacturer Esteve will apply for a redundancy procedure (ERE) affecting 225 employees from its pharmaceutical division (15% of its entire workforce). The measure is attributed to a drop in the revenues recorded in this area. Before the company applied for the ERE, the restructuring started with around 90 job losses via early retirement schemes and non-renewal of temporary contracts.
Eurofound (2013), Esteve, Internal restructuring in Spain, factsheet number 75459, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75459.