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 gambling company Novomatic cuts 120 jobs at its headquarters in Gumpoldskirchen in Lower Austria. The company said that the current COVID-19 crisis was the reason for the job cuts. Casinos and gambling halls had to close in several worldwide locations. The supplier of slot machines also reported a decline in revenue of 80% for its international customers. In addition to a redundancy programme, the company has provided the former employees with support helplines and additional consulting services. Novomatic has 22,000 employees worldwide and around 3,100 in Austria.
Eurofound (2020), Novomatic, Internal restructuring in Austria, factsheet number 102577, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102577.
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...
