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.
Rail repairs and refurbishment company Railcare has made 150 staff redundant in Wolverton, near Milton Keynes, and Springburn, Glasgow. As announced, the company has gone into administration because of deteriorating trading conditions and falling demand. It has also failed to secure a takeover by a German firm.
Railcare hopes that customer demand will allow the company to trade until administrators find a buyer for the business. Acccording to trade unions, however, the business is viable but there are cash flow problems that were generated by delays to fleet refurbishment programmes in spite of the company's full order book since October.
Eurofound (2013), Railcare, Bankruptcy in United Kingdom, factsheet number 75751, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75751.
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...
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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...
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