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.
Menzies Aviation, which deals with baggage handling at Copenhagen airport, has laid off 155 employees due to the Corona-crisis. Menzies initially requested that employees take a 40 percent salary reduction, but soon realized that it needed to lay off staff. Commercial activity in the company has fallen by 90 percent as a result of the crisis. The company hopes to rehire some of the staff when and if things get back to normal. Besides the lay off of 155 employees another 200 have been sent home without salary.
Eurofound (2020), Menzies Aviation (DK), Internal restructuring in Denmark, factsheet number 101163, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101163.
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...
