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.
Turkish "unicorn" Getir, which is specialised in home shopping delivery in a matter of minutes, has announced a 14% reduction in its workforce worldwide, which would represent at least 250 job cuts in France. But according to an internal source quoted by several newspapers, it would be more or less half of the French workforce and all activities are under threaten. In order not to frighten investors, the management is not specifying the number of job cuts and is resorting to individual redundancies rather than setting up a safeguard employment plan, which would be more costly and more visible for the company. Thus, the number of departures cannot be fixed precisely. For six weeks, the press has been reporting that dozens of employees have been dismissed for various reasons, some departures have been negotiated, and other employees have had their trial period abruptly terminated.
Eurofound (2022), Getir, Internal restructuring in France, factsheet number 107170, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107170.
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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