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.
Nordic Yards, a German shipbuilding company, will cut 500 out of 1400 jobs at its plants in Wismar, Warnemünde and Stralsund by the end of this year. The company said that it will need to reduce its workforce in a bid to improve efficiency as the company has been hit by low oil prices and sanctions against Russia as Nordic Yards considers the Russian market for icebreakers vital for its business.
Nordic Yards is a German shipbuilding company, which headquarters in Wismar. In addition, Nordic yards also manufactures and develops maritime constructions, for example, for the offshore-sector.
Eurofound (2015), Nordic Yards, Internal restructuring in Germany, factsheet number 84757, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84757.
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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