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 Lithuanian company S-Form, a manufacturer of soft furniture based in Alytus, has announced 161 redundancies due to bankruptcy. The notification of the intended redundancies was received by the Employment Service on 01. August 2023. S-Form was declared bankrupt on 01. July 2023. One of the main reasons for the company's insolvency is the downturn of the trading market in Germany. According to the company's representatives, the main S-Form customer was a German retail and manufacturing chain which was in the process of going bankrupt in Germany. S-Form was established in 2004.
Eurofound (2023), S-form, Bankruptcy in Lithuania, factsheet number 109344, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/109344.
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...
