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.
Boxmark Leather, a supplier of leather products for the automobile industry, will lay off 350 workers by the end of September 2020. At the beginning of this year, the company announced a restructuring programme affecting 900 employees, however, only 288 dismissals were considered at that point (company announcement from March 2020). A new announcement is adding 350 additional redundancies. The management told the trade union that corona crisis and a drop in orders in the automotive and aviation industry (40% and 80% decrease in respective industries) led to a reduction of production.
Eurofound (2020), Boxmark Leather, Internal restructuring in Slovenia, factsheet number 101259, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101259.
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...
