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.
Deutsche Flugsicherung (DFS - the German air navigation services), a company that is under control of the central public administration, plans to cut 270 jobs. The planned job cuts will affect air traffic controllers. Redundancies are to be fully realised by the end of 2024. In addition, the company will reduce the number of vocational trainees in air traffic control. Redundancies are deemed necessary as flight traffic is lower since the outbreak of the COVID-19 pandemic and is not expected to recover soon. DFS has negotiated an agreement with the sectoral union GDF ruling out redundancies due to operational reasons. Therefore, job cuts need to be realised on a voluntary basis, for example by early retirement.
Eurofound (2021), Deutsche Flugsicherung, Internal restructuring in Germany, factsheet number 103656, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103656.
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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