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 largest Danish based multinational company in fashion clothing, Bestseller, announced 20 March 2020 that the company will have to dismiss 750 employees in Denmark and an uncertain number of employees globally. The redundancies are a result of the impact of the spread of Coronavirus, which has sent orders for the company's products to a sudden almost complete stop. The company will also make use of the support package of the Danish government that offers wage compensation to employees that are sent home (not fired) due to a dramatic fall in sales and production. The company has also furloughed 2400 employees as well as dismissing 750 employees.
Eurofound (2020), Bestseller, Internal restructuring in Denmark, factsheet number 100364, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100364.
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...
