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 start-up Back Market (Jung SAS), an online sales company specialising in refurbished electronics, has announced plans to double its workforce from 280 to 560 employees by 2020. The company is seeking cadidates in particular for quality control, to reduce the fail rate of products sold. The company, which has seen its sales double during lockdown, due to the intensification of online commerce, the use of video games, and the needs related to teleworking, managed to raise €100 million from investment bank Goldman Sachs and the French funds Aglaé Ventures and Eurazeo Growth. These funds should enable it to continue its international expansion, particularly in the German, British and American markets.
Back Market currently employs 280 people in 8 countries.
Eurofound (2020), Back Market, Business expansion in World, factsheet number 100601, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100601.
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...
