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.
State-owned coal mining company Societatea de Inchideri Mine Valea Jiului is to cut 695 jobs in Uricani, Paroseni and Petrila by the end of 2015. The layoffs will take place in two phases: 225 employees will be let go as of 1 July 2015, and the other 470 employees will be made redundant between October and December 2015.
According to the collective agreement, the affected employees will benefit of severance payments. To this effect, about 226 million Euro (1.038 million RON) are to be allocated from the unemployment insurance budget for 2015. The 2015 programme for mine closures in Jiu Valley will benefit from state aids, facilitating the closure of uncompetitive coal mines, according to the provisions of European Commission Decision no. C (2012) 1020 and the expenditures approved by Government Decision no. 241/2015.
Eurofound (2015), Societatea Nationala de Inchideri Mine Valea Jiului, Closure in Romania, factsheet number 83560, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83560.
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...
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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