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.
Japanesse supplier of automotive components Yazaki Poland Automotive Products, a subsidiary of Yazaki Corporation, announced that it will cut 509 positions throughout a collective dismissal programme at its production site in Mikołów, Poland. The programme is related to the COVID-19 pandemic and a drop in demand which has affected the automotive sector. The conditions of the programme were approved by the local trade unions.
Yazaki Corporation was established in 1941 and produces automotive components, including wire harnesses, instruments and components such as connectors and terminals. Yazaki Corporation employs over 300,000 people worldwide. The factory in Mikołów has beem operating since 2002; it was acquired by Yazaki in 2011.
Eurofound (2020), Yazaki Poland Automotive Products, Internal restructuring in Poland, factsheet number 101294, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101294.
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...
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