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.
Durubor, a Belgian manufacturer of glass products established in Zinnik, has announced its closure. In total all 200 employees will be affected and are at risk of losing their job. Walloon economics minister Jean-Claude Marcourt has previously indicated concerns with regards to the company's financial situation. Trade unions are however surprised with the sudden decision to declare bankruptcy. They see the ongoing demand to reduce prices by their biggest clients as one of the main factors that has led to the company's downfall. Trade union representatives state they have received very little information from the company management so far and many things remain unclear. A Walloon investment group (Sogepa) has announced it will continue to support the company until 30th of June this year.
Eurofound (2017), Durobor, Bankruptcy in Belgium, factsheet number 90709, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90709.
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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