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.
Retailer Palink announced plans to create at least 100 new jobs across different regions of Lithuania by the end of 2018. The company plans to open 5 new stores in Lithuania in 2018, each of them employing 20-40 employees. The first new store was opened on 6 June 2018. It employs 23 employees. Currently Palink operates 233 stores with more than 6,700 employees under the IKI brand.
In December 2016, Rimi Baltic announced the intention to acquire the IKI retail chain. However in October 2017, the Lithuanian Competition Authority blocked Rimi Baltic's acquisition of Palink which runs the IKI retail chain. According to the Authority, Rimi Baltic has failed to meet its commitment to sell 17 stores, a condition the Authority set for concluding the deal.
Eurofound (2018), Palink, Business expansion in Lithuania, factsheet number 94313, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94313.
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...
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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