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.
Ring, producer of baked goods and pastries in Upper Austria, declared bankruptcy on 9 June 2015 resulting in a total of 120 dismissals. The bankruptcy also affects the company's subsidiaries Salzkammergut Bäckerei, the RING holding company Pan&Co Group and their subsidiaries Eurocool Logistik, P & C Kaffee Vertriebs, Blaschke Konditorei, B & G Backen und Garen Technik Service. According to newspaper reports this is the largest insolvency to have taken place in Austria in 2015.
By the end of June 2015 liquidators have closed 32 out of 58 stores of the company. The closure resulted in 120 out of 280 employees becoming redundant. The remaining profitable stores will be sold by mid July. According to newspaper reports various prospective buyers have expressed their interest.
Eurofound (2015), Ring, Bankruptcy in Austria, factsheet number 83935, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83935.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
