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.
Saint-Paul Luxembourg S.A. publishes the oldest newspaper in Luxembourg, the Luxemburger Wort. The company announced a social plan in mid-September that concerned 80 out of 330 employees working at Saint-Paul. Finally, the management highlighted that only 6 jobs would be saved. Long negotiations between the management and the trade unions LCGB and OGBL to conclude a social plan failed within the context of the so-called concialiation procedure, where social plans are negotiated in Luxembourg. The company has stated that the restructuring was due to increasing digitalisation and especially the Covid-19 crisis that has entailed a loss of revenues for the company.
Eurofound (2020), Saint-Paul Luxembourg, Internal restructuring in Luxembourg, factsheet number 102267, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102267.
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...
