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.
The Swedish engineering company Sandvik intends to double the production capacity of its factory in Turku. Since September 2016, some 50 new employees have been hired at the factory, which now engages approximately 500. More than 100 new employees, mostly welders and different types of technicians and assemblers, are still needed. The expansion is partly due to the global increase in the price of metal, but also to the demand for the specific large mining machines developed and built in Turku. In addition to the employment effects at the factory itself, manifold growth is expected within Sandvik's wide network of subcontractors. The key question of the expansion is whether the company will be able to find enough competent workforce: Sandvik will be competing for employees with the equally expanding Meyer Turku Shipyard and the Valmet Automotive car factory in nearby Uusikaupunki.
Eurofound (2016), Sandvik Mining and Construction, Business expansion in Finland, factsheet number 89697, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89697.
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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