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.
Vespa Prostějov, a Czech textile producer of classical cloths for men, especially men's suits and coats, is facing insolvency and is about to end production. As a result, approximately 100 employees will lose their jobs. The financial problems of the company, which led to total liabilities of CZK 28.6 million (€1.1 million), were caused by the increase in employees' wages and the exchange rate for the Czech Koruna against the Euro. The Czech Labour Office has already offered help to Vespa Prostějov employees.
Eurofound (2018), Vespa Prostějov, Bankruptcy in Czechia, factsheet number 95686, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95686.
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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