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.
The Paris Commercial Court has ordered the compulsory liquidation of Gorillas, owned by the Turkish group Getir, resulting in the redundancy of 500 employees. The French subsidiary of the Turkish group Getir had been in receivership since March. Getir, which had bought Gorillas in 2022, had then decided to leave the French market. The liquidation of Getir (FR-Getir-2023) and Gorillas seems to be due to a change in regulations in France. In March 2023, the government changed the definition of premises where products are stored for delivery as warehouses, and not any longer as shops. This reclassification has enabled mayors to regulate this activity and, to close certain premises. 30 Gorillas' shops employ 500 people which will all become redundant.
Eurofound (2023), Gorillas, Bankruptcy in France, factsheet number 109336, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/109336.
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...
