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.
Nürnberger Versicherungsgruppe, a German insurance company, is to cut 170 jobs in Germany by the end of 2016. The reduction is mainly due to low interest rates and a reform of life insurance policy. The company will reduce the number of branches from 63 to 34 and relocate parts of the activities to the headquarters in Nuremberg where new jobs shall be created. The plan will cost 20 to 30 million euros at first but save costs in the long run. Nürnberger Versicherungen employs around 24,400 people in Germany and has generated a profit of 135 million euros in 2014, which was an increase of around 20% compared to 2013.
Eurofound (2015), Nürnberger Versicherungsgruppe, Internal restructuring in Germany, factsheet number 79237, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79237.
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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