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 I.C.A., a textile company in Svidník, Slovakia, with Italian majority ownership, will cut about 75% of jobs and dismiss 103 employees. The notice period will not be earlier than 1 April. According to the company's CEO, this occurs due to the increasing production costs, which the company is unable to cover and creates losses. The gross monthly wages of the employees fluctuate from €500 to €600. The costly operation of the production, the needlework, will be transferred to Serbia where labour cost is lower. The trade union stated that it will assist the dismissed workers in demanding their entitlements. The remaining 34 employees will cooperate with the company in Serbia by performing complementary operations like blanking and ironing.
Eurofound (2019), I.C.A., Offshoring/Delocalisation in Slovakia, factsheet number 97172, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97172.
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...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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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