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.
Due to the outbreak of coronavirus, the biggest hotel-operator of the Nordic countries, Scandic, announced its plans to dismiss up to 2,000 employees in Sweden. Travel restrictions and cancelled events have had a significant impact on the booking rates of the company and the economic result of the month of March is much weaker than expected. In order to adapt to decreased demand for hotel services, the company plans also to cut the number of personnel with fixed term contracts and to make cuts to the salary of the executive board. The Hotel and Restaurant Workers Union estimates that 15,000 people working for the Swedish hotel and restaurant sector risk losing their jobs due to the corona outbreak.
Eurofound (2020), Scandic, Internal restructuring in Sweden, factsheet number 100028, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100028.
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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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
