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.
Competition to take over French bedding and sofa manufacturing giant Cauval Industries was steep, but the Commercial Court of Meaux accepted the offer of investment funds made by the company Perceva, as its bid included the preservation of the majority of jobs attached to the company. The new owner will retain 1,445 employees out of the current workforce of 1,660. About 215 employees will therefore be dismissed. Perceva will also maintain 7 plants out of a total of 8. A sofa manufacturing site which is currently home to one hundred employees will be closed. Perceva received the support of an overwhelming majority of the group's works council who voted in favour of its offer. According to the secretary of the Group works’ council, “this is very good news” as the company will only lose 215 jobs, “whereas, given the state of the group, it could have been half”. Cauval had a turnover of 214 million in 2015 with an estimated loss of 24 million. The new owner wants to increase the turnover by about 20% over the next four years.
Eurofound (2016), Cauval Industries, Merger/Acquisition in France, factsheet number 87563, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87563.
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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