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.
On 23 October 2022, RP online reported that the German multinational DIY market store chain Obi decided to cut 150 jobs. Jobs will be cut in its administration and logistics departments in Germany. Approximately 150 employees were presented with offers for leaving the company voluntarily. On request, a spokesperson of the company told the newspaper that OBI wants to restructure its business. A new business strategy had been developed: whilst the chain would put more empahsis on technology, other business areas were downsized. According to OBI, some 3.000 employees worked at its headquarters in Wermelskirchen and at its other logistic centres in Germany.
Eurofound (2022), Obi, Internal restructuring in Germany, factsheet number 107684, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/107684.
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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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...
