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.
Swedish battery supplier Northvolt has announced that it will create 350 new jobs at its production facility and R&D centre in Gdańsk over the next 18 months. The company is to invest $200 million (€163.66 million) in the project. The company has received financing for the implementation of its investments from sources such as Vestas, Siemens, ABB, BMW, Scania as well as loans from the European Investment Bank and an investment from Goldman Sachs, with a total value of more than €1 billion.
Northvolt was founded in Sweden in 2016. Currently, Northvolt employs 150 people in the city of Gdańsk.
In October 2018, Northvolt announced creation of 100 jobs related to an investment in a battery module assembly plant, consisting of battery cells, electronic control and temperature control systems, and special housings, which are then used in energy storage systems or industrial mining machines.
Eurofound (2021), Northvolt, Business expansion in Poland, factsheet number 104823, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/104823.
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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