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.
PriMetals Technologies, a global provider of metallurgical plant solutions, plans to cut staff numbers by 200 at its site in Linz, Upper Austria by the end of 2016. Currently a total of 1,600 employees work in Linz. Talks with the unions and the local works council are currently underway. According to the site's management, redundancies could be reduce by means of working time flexibilisation; a decision on this option will be taken by March 2016.
PriMetals, which employees around 9,000 staff worldwide, resulted from a Joint Venture between Siemens VAI Metal Technologies and the Japanese engineering and electronics company Mitsubishi Heavy Industries (MHI) in 2014. The site in Linz is facing its third wave of severe cutbacks (see 2014). Between 2013 and 2014 a total of 490 employees lost their job.
Eurofound (2015), Primetals Technologies, Internal restructuring in Austria, factsheet number 85152, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85152.
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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