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.
News and entertainment broadcasting channel TV4 is set to implement a savings program that forsees the redundancy of about 100 employees. The first phase of the savings package starts in the beginning of October with 40 employees being laid off. The second phase is set to be implemented in October-December and affects 60 employees at the broadcasting company. The affected section is primarily the live desk at their news broadcasting editorial office.
Mathias Berg, CEO of TV4, states that this measure is done as part of their digital transition to put more focus onto their online streaming channel TV4Play, in an effort to meet a different market situation and new customer demands.
Eurofound (2023), TV4, Internal restructuring in Sweden, factsheet number 200237, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200237.
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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