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.
Airbus Group SE has announced a reduction of its current workforce by 470 positions in France in the framework of a larger restructuring affecting the EU with a total of 3,700 job cuts. Airbus needs to reduce the production of two models facing difficulties: the superjumbo A380 and the A400 military plane. The demand for the A480 remains weak and the company announced deliveries would fall to six a year from 2020, down from an anticipated 12 deliveries this year. The A400M programme has been hit by delays and cost overruns. Deliveries of the military plane will fall from 15 this year to eight in 2020. The management has announced to avoid any forced dismissal and estimates able to set up reemployment measures within the company to mitigate the number of job cuts. Previous annoucement of job reductions within the group Airbus in France recorded 546 job cuts in June 2017 and 582 job cuts by Airbus Helicopters announced in October 2016.
Eurofound (2018), Airbus, Internal restructuring in France, factsheet number 94730, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94730.
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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