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.
Danish-capital furniture manufacturing company Theco Furniture is to dismiss 87 employees in Alytus. According to the management, the main cause of the dismissals is the quarantine regime in Lithuania. Such information was provided by the Lithuanian Employment Service. To control the spread of coronavirus (COVID-19), the Lithuanian Government declared quarantine on the entire territory of the Republic of Lithuania as of 16 March 2020.
Currently Theco Furniture employs 709 employees. Furniture production was relocated from Denmark to Lithuania in 2006. The company is exporting their products to more than 50 countries worldwide.
Eurofound (2020), Theca Furniture, Internal restructuring in Lithuania, factsheet number 100119, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100119.
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...
