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.
BNP Paribas Fortis, a Belgian subsidiary of French multinational bank BNP Paribas, has announced the relocation of 124 of its jobs. All employees affected are white collar workers in IT support functions. The main reasoning behind the internal restructuring is to reduce costs since a significant portion of the IT infrastructure of the BNP Paribas group is already provided from Lisbon. BNP Paribas management states no direct dismissals will take place, instead new functions will be sought for the affected employees within the company and externally. Last year BNP Paribas Fortis relocated their international payments department to Lisbon as well, which led to the dismissal of 55 employees.
Eurofound (2017), BNP Paribas Fortis, Offshoring/Delocalisation in Belgium, factsheet number 91350, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91350.
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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