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.
The Commercial Court of Versailles has ruled the liquidation of Viapaq, a company based in Rambouillet (Yvelines) that employs 100 people. It is the former research and development centre of the automotive equipment manufacturer Continental, specialising in electronic cars. Two companies had prepared takeover bids but did not submit them to the Commercial Court, forcing the latter to liquidate the company.
For the FO union, Varova's takeover of the company in 2014 was a way for Continental to dispose of the site without assuming the social consequences. 'There have been no investments in four years. Our production lines are obsolete and no longer productive enough', explains FO. On 7 January 2019, negotiations about the terms of the Employment Safeguard Plan will begin.
Eurofound (2018), Viapaq, Bankruptcy in France, factsheet number 96251, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96251.
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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