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.
Globalfoundries, a US-based semiconductor foundry, will cut between 700 and 800 out of 3,700 jobs at its plant in Dresden. According to the head of the Company, Globalfoundries must cut its personnel costs by 20% for the plant to remain economical. The staff at Globalfoundries has been informed and the management hopes that the negotiations with the workers' council will be completed by January 2016.
Globalfoundries is a semiconductor foundry which produces micro chips. The Dresden site was first set up in 2009; the company's headquarters are in Santa Clara, US. Globalfoundries is one of the largest private sector employers in Dresden.
Eurofound (2015), Globalfoundries, Internal restructuring in Germany, factsheet number 85146, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85146.
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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