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.
Vecttor, a company dedicated to urban passenger transport with chauffeur-driven vehicles for hire, has announced the creation of 1500 new permanent jobs to work as drivers in Madrid (1000) and Barcelona (500). Specifically, the new drivers will work through the Cabify platform. The company offers salaries from €1,113 to €1,258 per month (12 payments per year) plus a percentage of variable salary depending on individual turnover.
This announcement comes as a consequence of the recovery of the mobility of the population, after the beginning of the recovery from the COVID-19 crisis. The company has progressively incorporated 700 vehicles that will be received by the end of the year, which are less contaminating. Currently, 85% of the company's vehicles are ecological and it expects to increase this number up to 90% by the end of 2021.
Eurofound (2021), Vecctor, Business expansion in Spain, factsheet number 105305, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105305.
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...
