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.
Fly is a French company that creates furniture for the European market. The company suffered a huge crisis in 2014. More than 1000 employees lost their job in that occasion. In order to come back to a rentable position, the company decided to backshore all production to Europe. According to the CFO Nicolas Fink, the lower value of the Euro has helped reducing the gap in the production costs. The declared aim for the backshoring is to give more power to European designers in order to differenciate products with respect to competitors (expecially Ikea). The company had to reduce profit margins in order to gain market shares.
Eurofound (2016), Fly, Reshoring in France, factsheet number 170, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/170.
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...
