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.
In the framework of the merger of three regional airline companies which belong to the group Air France, including Brit'Air, into a new company called 'Hop!', 66 positions will be cut by Brit’Air out of a total workforce of 294 employees. Brit’Air has negotiated a voluntary departure plan to avoid forced dismissals. The plan is open until the 31 March. The voluntary departures will happen from 11 April to 31 December. The group Air France has announced several restructuring over the last several years: the first in 2010 led to 5,000 job cuts, the second announced in June 2012 which cut about 5,122 employees, the third downsized its workforce by 1,826 employees in 2014 and in 2015 the company announced two reorganisations, one in April 2015 which cut 800 positions and a second in October 2015 which cut 1,000 positions.
Eurofound (2015), Brit Air, Merger/Acquisition in France, factsheet number 86656, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86656.
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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